KABU Enterprise limited is interested in financing a pension plan for its employees. The management wants...
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KABU Enterprise limited is interested in financing a pension plan for its employees. The management wants to know how much the plan would be worth at the end of 5 years, if the enterprise contributes Ksh. 100, 000 per year and invest the funds at 15 percent interest rate per year. What is the future value of the ordinary annuity? KABU Enterprise limited is interested in financing a pension plan for its employees. The management wants to know how much the plan would be worth at the end of 5 years, if the enterprise contributes Ksh. 100, 000 per year and invest the funds at 15 percent interest rate per year. What is the future value of the ordinary annuity?
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Data Analysis and Decision Making
ISBN: 978-0538476126
4th edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe
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