Question
17. In order to update a production process, a company can spend money now or four years from now. If the amount now would be
17. In order to update a production process, a company can spend money now or four years from now. If the amount now would be $25,000 , what equivalent amount could the company spend four years from now at a compound interest rate of 15% per year?
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Glencoe Business And Personal Finance
Authors: McGraw-Hill
1st Edition
0021400202, 9780021400201
