In four years, we will need a new delivery truck for the Parts Department. The new truck is expected to cost $50,000. Right now, we
In four years, we will need a new delivery truck for the Parts Department. The new truck is expected to cost $50,000. Right now, we have around $43,000 in excess cash that we can set aside for this purpose. Our bank will pay us 4.0% interest compounded semiannually for any funds we hold there.
Will we have enough money to buy the truck if we do this?
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Authors: Edward Humphreys
1st Edition
0580829103, 978-0580829109
