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Jim Ryan, an owner of a Burger King restaurant, assumes that his restaurant will need a new roof in 8 years. He estimates the
Jim Ryan, an owner of a Burger King restaurant, assumes that his restaurant will need a new roof in 8 years. He estimates the roof will cost him $9,400 at that time. What amount should Jim invest today at 8% compounded quarterly to be able to pay for the roof? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Amount to be invested
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College Accounting
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
11th edition
978-1111528300, 1111528128, 1111528306, 978-1111528126
