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Visi Inc. plans an addition to its building as soon as adequate funds are accumulated. The company has estimated that the addition will cost $190,000.
Visi Inc. plans an addition to its building as soon as adequate funds are accumulated. The company has estimated that the addition will cost $190,000. At today's date, $90,600 cash is available for investment, and such a fund pays 6% interest (compounded annually). How many periods would be required to accumulate the $190,000
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