A company is saving for some new equipment. They plan to invest $42,964 per year starting the end of this year (year 1), and increasing the investment by 7.3% per year. If the interest rate is 7.3%, how much can they spend in 4 years?
A company is saving for some new equipment. They plan to invest $42,964 per year starting the end of this year (year 1), and increasing the investment by 7.3% per year. If the interest rate is 7.3%, how much can they spend in 4 years?
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