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A manufacturing company is planning to set aside $75,000 now and $120,000 one year from now for possible maintenance for a certain type of machine. If the maintenance won't be needed for 4 years, how much will the company have in the account, if it earns interest at a rate of 8% per year?

Solve it using: a) Standard notation. b) Formula.

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Darryn D'Souza
Darryn D'SouzaLv10
28 Sep 2019

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