Question

Your company operates a machine that will need to be replaced in 4 years. You've estimated the purchase price of a new machine (in 4 years) to be $10,000. You do not want to use debt financing so you've decided to invest $2,000 at 6% per year at the start of each year. Will you have enough saved at the end of 4 years to purchase the replacement machine?

Answer 1

are u in apex learning

Answer 2

nope