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Your firm wants to save R250 000 to buy some new equipment three years from now. The plan is to set aside an equal amount
Your firm wants to save R250 000 to buy some new equipment three years from now. The plan is to set aside an equal amount of money on the first day of each year starting today. The firm can earn a 4,7% rate of return. How much does the firm have to save each year to achieve its goal
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Financial Statement Analysis
Authors: Martin S. Fridson, Fernando Alvarez
5th Edition
1119457149, 978-1119457145
