Mathematics, 20.04.2021 14:00 oct316mb
As a CFO of a company, you are asked by the company's board to make quarterly payments of $400 for 7 years to a computer firm for computer maintenance. How much money do you need to deposit into an interest bearing account paying 7.1% compounded quarterly so that you can make all the $400 payments over this 7 year period?
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As a CFO of a company, you are asked by the company's board to make quarterly payments of $400 for 7...
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