Question
A company plans to purchase an asset in four years at a price of $180,000. How much has to be deposited now in an account
A company plans to purchase an asset in four years at a price of $180,000. How much has to be deposited now in an account that earns 8% to have enough money buy the asset in the future?
A) 61,220
B) 45,000
C) 30,600
D) 132,300
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Accounting And Finance For Non Finance Managers
Authors: Jai Kumar Batra
1st Edition
9352806964, 978-9352806966
