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Exercise 1 6 points Your company is about to increase its production capacities therefore it is going to invest into new manufacturing equipment 3
Exercise 1 6 points Your company is about to increase its production capacities therefore it is going to invest into new manufacturing equipment 3 years from now. The price of these equipment is going to be 30 million $ 3 years from now. Your company finances this purchase by saving a given amount of money on its saving account at the end of each month for 3 years. The interest rate is 12%. How much money should be saved at the end of each month?
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Pr1r n 1 F P annual cash flow r interest rate 01212 001 n No of period ...
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Fundamental Financial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds
9th edition
9781259296802, 9781259296758, 78025907, 1259296806, 9781259296765, 978-0078025907
