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a company has agreed to pay $2.1 million in 5 years to settle a lawsuit. how much must in invest in an account paying 9%
a company has agreed to pay $2.1 million in 5 years to settle a lawsuit. how much must in invest in an account paying 9% annual intetest compounded monthly to have that amount when is due?
what is the interest rate per period ?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
