Detrich Products is planning to upgrade anaging

Chapter 3, Problem 3.67

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Detrich Products is planning to upgrade anaging manufacturing operation 5 years fromnow at a cost of $100,000. If the company plansto deposit money into an account each year for4 years beginning 2 years from now (first depositis in year 2) to pay for the expansion, theamount of the deposit at 10% per year interest isclosest to:(a) $30,211(b) $21,547(c) $16,380(d) $14,392

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