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A firm wants to save $825,000 in three years from now. The plan is to save equal Cash flows at the beginning of each quarter
A firm wants to save $825,000 in three years from now. The plan is to save equal Cash flows at the beginning of each quarter starting today. How much does the company need to save each quarter to reach its goal if the interest rate is 4.45% per year? hint: Think about the steam of CFs. Which one is this? find the formula and then our single rule: time intervals of everything must follow time intervals of CFs. $62,925.00 $63,932.91 $64,644.17 $62,969.70 $63,192.05
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