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A company will need $75,000 in 6 years for a new addition. To meet this goal, the company deposits money in an account today
A company will need $75,000 in 6 years for a new addition. To meet this goal, the company deposits money in an account today that pays 11% annual interest compounded quarterly. Find the amount that should be invested to total $75,000 in 6 years. The company should invest S. (Do not round until the final answer. Then round to the nearest dollar as needed.)
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
