Apex Fabricating wants to accumulate $800,000 for an expansion expected to begin in four years. If today

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Apex Fabricating wants to accumulate $800,000 for an expansion expected to begin in four years. If today Apex makes the first of equal quarterly payments into a fund earning 6.75% compounded monthly, what should the size of these payments be?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:53 AM

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Apex Fabricating wants to accumulate $800,000 for an expansion expected to begin in four years. If today

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The quarterly payments form a general annuity due having ...View the full answer

Business Mathematics In Canada

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