Question
Your company estimates that it must replace a facility 10 years from now, for an anticipated cost of $200 million. The company will annually
Your company estimates that it must replace a facility 10 years from now, for an anticipated cost of $200 million. The company will annually deposit funds into an investment that earns 9% interest, at the end of years one through four. Each deposit will be in equal amounts. Draw a cash flow diagram and calculate the amount that must be deposited for the equal deposits. (10 Points)
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Introduction to Management Science
Authors: Bernard W. Taylor
11th Edition
132751917, 978-0132751919
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