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Zelph Coffee Co. wants save $502,000 by December 31, 20X8, for new trucks. How much must the company deposit into a 15% account today
Zelph Coffee Co. wants save $502,000 by December 31, 20X8, for new trucks. How much must the company deposit into a 15% account today on January 1, 20X3, to obtain the funds in time? In the answer field, please put your answer in bold font and show your work to receive credit (including the factor/table (e.g., Table 6.5 or PVAD), interest rate, and number of periods used). Use all of the digits in the table and round dollar amounts to the nearest dollar.
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