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. RD Inc. projects the following quarterly expenses over a 2-year period of time beginning 3 years and 3 months from now. What quarterly deposits
. RD Inc. projects the following quarterly expenses over a 2-year period of time beginning 3 years and 3 months from now. What quarterly deposits must the company make over the next 3 years to pay these expenses up front? Alternatively, what lump sum deposit could the company make today to fund this future spending? Interest is 8% annual, compounded quarterly. Quarter
quarter | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
cf | 0 | 100000 | 105000 | 110000 | 115000 | 120000 | 125000 | 130000 | 135000 |
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