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You are a manager of a small business. In each of the next 3 years , you are expected to make a large payment as
You are a manager of a small business. In each of the next 3 years , you are expected to make a large payment as indicated below
Year 1 = R500000 payment
Year 2 R450000 payment
Year 3 R600000 payment
Given that your company has large excess cash in the current period, you want to set aside money today, earning 12% interest, which will be sufficient to pay these bills. How much would you need to set aside today to meet these payments?
Year 1 = R500000 payment
Year 2 R450000 payment
Year 3 R600000 payment
Given that your company has large excess cash in the current period, you want to set aside money today, earning 12% interest, which will be sufficient to pay these bills. How much would you need to set aside today to meet these payments?
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Accounting Business Reporting For Decision Making
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
4th Edition
978-0730302414, 0730302415
