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plz answer exactly Ajax Corporation has hired Brad O'Brien as its new president. Terms included the company's agreeing to pay retirement benefits of $17,900 at
plz answer exactly
Ajax Corporation has hired Brad O'Brien as its new president. Terms included the company's agreeing to pay retirement benefits of $17,900 at the end of each semiannual period for 12 years. This will begin in 4,015 days. If the money can be invested at 8% compounded semiannually, what must the company deposit today to fulfill its, obligation to Brad? (Use Tabie and lable 12.3) Note: Use 365 days a year. Do not round intermediate calculations. Round your onswer to the nearest cent Step by Step Solution
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