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HELP PLS The following are the time value of money formulas presented in the instructor notes. Use them as needed to answer the question below.
HELP PLS
The following are the time value of money formulas presented in the instructor notes. Use them as needed to answer the question below. You may also use the time value of money tables found on the last pages of your text for click on the appropriate link given below) FV.PV (FVIF.) FV-PVPVI) FVOA - PMT " (FVIFOA) PVOA-PMT (PVIFOA ) Timrow Company determines it will need to replace a piece of equipment which will cost $60.000 four years from now. I desires to have the $60,000 on hand at the end of 4 years by making a single deposit today into an account of its bank on which is expects will earn 8% compounded annually Calculate the amount of the deposit (rounded to the nearest dollar) that needs to be made today in order to have $60,000 on hand 4 years from now (EX. S.P 0:51. EVA ES) and PVA (51) (Use appropriate factor(s) from the tables provided) Step by Step Solution
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