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Q. (3.49) Coastal Shipping is setting aside capital to fund an expansion project. Funds earmarked for the project will accumulate at the rate of $50,000
Q. (3.49) Coastal Shipping is setting aside capital to fund an expansion project. Funds earmarked for the project will accumulate at the rate of $50,000 per month until the project is completed over 24 months. Once the project starts, costs will be incurred at a rate of $150,000 per month over 24 months. Coastal currently has $250,000 saved. What is the minimum number of months it will have to wait
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