Example 1. Your company wants to have GHS 135,000 four years from now to buy a new machine. As the financial manager of the company, you've just deposited GHS 45,000 today into a new bank account for...

Extracted text: Example 1. Your company wants to have GHS 135,000 four years from now to buy a new machine. As the financial manager of the company, you've just deposited GHS 45,000 today into a new bank account for saving towards the new machine. What equal amount must the company deposit each year in order to achieve it target if the GHS 45,000 deposited today and the annual deposits can earn an interest of 12% per year?