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Posted on Aug 29, 2024

CrashCo wants to have $ 3 0 0 , 0 0 0 for capital equipment purchases after 3 years. The interest rate is 3 %

CrashCo wants to have $

300, 000

for capital equipment purchases after

3

years. The interest rate is

3 %

nominal annual, compounded quarterly. How much money does CrashCo need to save today?

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