Question
A testing agency needs to purchase $40,000 worth of equipment 2 years from now. How much should the agency put aside each quarter to make
A testing agency needs to purchase $40,000 worth of equipment 2 years from now. How much should the agency put aside each quarter to make the purcahse using an interest rate of 20% per year, compounded quarterly? Please show work and explain!
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Financial Modeling
Authors: Simon Benninga, Tal Mofkadi
5th Edition
0262046423, 9780253337825
