Dr. J. wants to buy an IBM personal computer which will cost $1,788 two years from today.

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Dr. J. wants to buy an IBM personal computer which will cost $1,788 two years from today. He would like to set aside an equal amount at the end of each quarter in order to accumulate the amount needed. He can earn 12% annual return. How much should he set aside?

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Intermediate Accounting

ISBN: 978-0470423684

13th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

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