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Bill owns a small manufacturing business. In 1 year, he wants to buy a machine that costs $10,000.00. If Bill opens a savings account
Bill owns a small manufacturing business. In 1 year, he wants to buy a machine that costs $10,000.00. If Bill opens a savings account that earns 12% interest compounded continuously, how much will he have to deposit as principal to have enough money in 1 year to buy the machine? Round your answer to the nearest cent.
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Statistical Techniques In Business And Economics
Authors: Douglas A. Lind, William G. Marchal, Samuel Adam Wathen
13th Edition
9780070667075
