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Framing Art Inc. will need to purchase two new cashier machines in 2 years, at a cost of $ 125 each. A savings account pays
Framing Art Inc. will need to purchase two new cashier machines in 2 years, at a cost of $ 125 each. A savings account pays 3% per year compounded quarterly. How much should Framing Art Inc. deposit now in this account to have the cash available in 2 years to pay cash for both machines?
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
