Question
You want to have $6,000,000 in an account exactly 16 years from today. They will make equal quarterly payments of $20,000 beginning next quarter and
You want to have $6,000,000 in an account exactly 16 years from today. They will make equal quarterly payments of $20,000 beginning next quarter and ending in 16 years.
The account earns 8.00% p.a., compounded quarterly. You must have $_______ in its account today.
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Fundamentals of corporate finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
9th edition
978-0077459451, 77459458, 978-1259027628, 1259027627, 978-0073382395
