Question
A firm enters into a 15-year contract for materials that cost $100,000 initially and $25,000/yr starting at the end of year (5).The company decides to
A firm enters into a 15-year contract for materials that cost $100,000 initially and $25,000/yr starting at the end of year (5).The company decides to make a lump sum payment at the end of year 3 to pay off the remainder of the contract.What lump sum is necessary at 10% interest?
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Optics
Authors: Eugene Hecht
5th edition
133977226, 133979121, 978-0133977226
