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Smith Corp. has a liability of $75,000 due four years from today. The company is planning to make an initial deposit today into a savings
- Smith Corp. has a liability of $75,000 due four years from today. The company is planning to make an initial deposit today into a savings account and then deposit an additional $1,000 at the end of each month of the next four years. The account pays interest of 4.8 percent. How much does the firm need to deposit today for its savings to be sufficient to pay this debt?
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Stocks Bonds And The Investment Horizon
Authors: Haim Levy
1st Edition
9811250146, 978-9811250149
