Question
Apex Fabricating wants to accumulate $820 000 for an expansion expected to begin in 4years. If today Apex makes the first of equal quarterly payments
Apex Fabricating wants to accumulate $820 000 for an expansion expected to begin in 4years. If today Apex makes the first of equal quarterly payments into a fund earning 7.75% compounded monthly, what should the size of these quarterly payments be?
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Principles Of Financial Management
Authors: Haim Levy, Marshall Sarnat
1st Edition
0137097751, 978-0137097753
