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A metal plating company wants to set aside money now to prepare for a lawsuit it expects to face in four years. If the company
A metal plating company wants to set aside money now to prepare for a lawsuit it expects to face in four years. If the company wants to have $2,000,000 available at that time, how much must it set aside now in one lump sum if the account will earn 1.5% per quarter? Draw the cash flow diagram.
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