Question
A business wishes to have $80,000 ten years from now to make a down payment on a capital asset. How much money would the business
A business wishes to have $80,000 ten years from now to make a down payment on a capital asset. How much money would the business need to invest in equal annual payments at a compound interest rate of 6% to have these funds available?
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The Handbook Of Financial Instruments
Authors: Frank J. Fabozzi
1st Edition
0471220922, 978-0471220923
