Mathematics, 11.10.2021 14:00 jsph5332
A California couple is selling their small dairy farm to a developer, but they wish to
defer receipt of the money until 3 years from now, when they will be in a lower tax
bracket. Find the amount the developer should deposit at the end of every 3 months
in an annuity that pays 4% compounded quarterly so that enough will be available to
pay the couple $750,000 in 3 years.
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Answers: 3
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A California couple is selling their small dairy farm to a developer, but they wish to
defer recei...
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