A manufacturing company wants to have $100,000 available in 5 years to replace a production line. The amount of money that would have to be deposited each year at an interest rate of 10% per year would be closest to?
a. 12,380
b. 13,380
c. 16,380
d. 26,380
A manufacturing company wants to have $100,000 available in 5 years to replace a production line.
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