Question
The Crazy Chocolate company signed a note with a payment of $10,500 per quarter for 3-years. Find the amount that must be set aside today
The Crazy Chocolate company signed a note with a payment of $10,500 per quarter for 3-years. Find the amount that must be set aside today to satisfy this capital requirement in an account earning 4% compounded quarterly.
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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
71051503, 978-1259066511, 1259066517, 978-0071051507
