Question
You are an operations manager for a company in charge of purchasing a major piece of equipment. The cost of the equipment, to be paid
You are an operations manager for a company in charge of purchasing a major piece of equipment. The cost of the equipment, to be paid 18 months from now is $850,000. REQUIRED: If you want to set aside enough money for the purchase, how much will need to be invested today? Assume an 8.25 annual discount rate, compounded monthly.
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown, Sanford J. Leeds
11th Edition
1305262999, 1305262997, 035726164X, 978-1305262997
