The treasurer wants to make equal payments, Financial Econometrics

You want $750,000 to upgrade your store in 8 years. The treasurer wants to make equal payments at the end of each year into a fund for the purpose of accumulating this amount. If the fund can earn an effective annual return of 5 percent, how much must the company invest at the end of each year?

Posted Date: 3/14/2013 2:48:02 AM | Location : United States







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