Beginning 1 month from now, Thaxton MechanicalProducts
Chapter 4, Problem 4.46(choose chapter or problem)
Beginning 1 month from now, Thaxton MechanicalProducts will set aside $1500 per month for possiblyreplacing its corrosion-resistant diaphragm pumpswhenever it becomes necessary. The replacementisnt needed for 3 years. How much will the companyhave available if the hoped-for rate of return of18% per year is achieved?
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