In Problems 20-52: a. State the type; and (mathbf{b}). Answer the question. If an apartment complex will
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In Problems 20-52:
a. State the type; and \(\mathbf{b}\). Answer the question.
If an apartment complex will need painting in \(3 \frac{1}{2}\) years and the job will cost \(\$ 145,000\), what amount needs to be deposited into an account now in order to have the necessary funds?
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Calculation of Present Value for Future Painting Costs To calculate the amount that needs to be depo...View the full answer
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