A business wishes to have $80,000 ten years from now to make a down payment on a

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A business wishes to have $80,000 ten years from now to make a down payment on a capital asset. How much money would the business need to invest in equal annual payments at a compound interest rate of 6% to have these funds available?

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Managerial Accounting

ISBN: 978-0134128528

5th edition

Authors: Karen W. Braun, Wendy M. Tietz

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Posted Date: Feb 16, 2024 03:12 AM

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A business wishes to have $80,000 ten years from now to make a down payment on a

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Managerial Accounting

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