Business, 25.04.2020 03:15 ptrlvn01

Ted owns a small florist shop. Since his business is booming, his realizes he will soon need one more delivery van. He decides he will purchase a full size van versus a minivan, which he currently owns. The van he is looking to buy in 3 years will cost him $40,000. How much should he invest each quarter into an account that pays 7% per year compounded quarterly, so that he can have the desired funds in 7 years?

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Ted owns a small florist shop. Since his business is booming, his realizes he will soon need one mor...

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