A firm wants to set up a savings account at 8% interest in order to meet the expected expenditures of a forklift. Compute the amount that should be invested now to provide three payments with the first payment in the amount $6000 occurring three years hence, then $4000 five years hence and finally $5000 eight years hence.

Answer rating: 100% (QA)

account auth Juterest 8 Bawing Moucy un saw ng account eaun comupoand Guter... View the full answer