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Last year you started a business producing spinach and kale snacks, and expanded the offering to a spinach/kale/apple snack. Unfortunately you didn't adjust your product

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Last year you started a business producing spinach and kale snacks, and expanded the offering to a spinach/kale/apple snack. Unfortunately you didn't adjust your product labels for the new offering and a customer who ate them subsequently lost a lucrative modeling contract due to swollen enrobes. The court has decided you must pay the customer $1,000 immediately. 5700 per month for four years beginning immediately and a lump sum of $20,000 at the end of the four years. How much money do you need to set aside today to make sure you can make these payments? The account in which you will hold the money pays 10% compounded quarterly, 4 marks a. What is the r value you will use in your calculations? b. How much must you set aside to pay the lump sum at the end of four years? c. How much must you set aside to make the monthly payments? d. How much money do you need to set aside to make all of the payments? a. b. C

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