Question
Hidalgo Barbers wants to have $ 190,000 in 9 years to build a second barbershop 9 years from today.Commencing two years from today, Hidalgo will
Hidalgo Barbers wants to have $ 190,000 in 9 years to build a second barbershop 9 years from today.Commencing two years from today, Hidalgo will make seven annually.How deposits of $ 20000 each year.The company can invest in a financial instrument earning 10%, compound annually.How. a. Will Hidalgo have sufficient funds to pay for the $190,000 barbershop at the end of the 9 year period if the deposits are made at the end of the year? b. Will Hidalgo have sufficient funds to pay for the $190,000 barbershop at the end of the 9 year period if the deposits are made at the beginning of each year?
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