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Find the amount that should be set aside today to yield the desired future amount
Future amount needed: $14,000
Interest rate: 4%
Compounding period: quarterly
Investment time: 3 years
Present value of $1.00 at 4% compounded 12 times = 0.62460
The present value is?
Determine what actions can you take to minimize the cash flow problems that were identified in the simulation?
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The daily interest rate is 0.016 percent. What is the NPV of the lockbox project if the bank charges a fee of $210 per day?
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