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A Certain Company Estimates That the Computer They Plan to Buy

Question 23

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A certain company estimates that the computer they plan to buy in 18 months will cost $4,200 \$ 4,200 . How much money should be deposited now into an account paying 5.75% 5.75 \% interest, compounded monthly so there will be enough money to pay cash for the computer in 18 months?

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