Question
Apex Fabricating want to accumulate $800,000 for an expansion expected to begin in four years. If today Apex makes the first of equal quarterly payments
Apex Fabricating want to accumulate $800,000 for an expansion expected to begin in four years. If today Apex makes the first of equal quarterly payments into a fund earning 6.75% compounded monthly, what should the size of these payments be?
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An Introduction to Analysis
Authors: William R. Wade
4th edition
132296381, 978-0132296380
