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Tesla cat company, actually Elon Musk himself, just hired you as an analyst and they have a time value of money problem for you on

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Tesla cat company, actually Elon Musk himself, just hired you as an analyst and they have a time value of money problem for you on day one! The company has a $65,000 liability it must pay four years from today. The company is opening a savings account so that the entire amount will be available when this debt comes due. The plan is to make an initial deposit today and then deposit an additional $10.000 at the end of each of the four years. The account pays a 5.4 percent rate of retum. How much does the firm need to deposit today! $12.50 55000 1513 je j Question 15

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