Question
Joe's Construction will need $48,000 in 4 years to replace two trucks. Find the amount it must deposit at the end of each quarter in
| Joe's Construction will need $48,000 in 4 years to replace two trucks. Find the amount it must deposit at the end of each quarter in a fund earning 6% compounded quarterly so that there is enough money accrued for the trucks at the end of 4 years. | |||||||||||||||||
| What values did you use for the calculation: N I/Y PV PMT FV Answer: |
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Public Finance A Contemporary Application of Theory to Policy
Authors: David N Hyman
11th edition
9781305474253, 1285173953, 1305474252, 978-1285173955
