You want to have $6,000,000 in an account exactly 16 years from today. They will make equal

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You want to have $6,000,000 in an account exactly 16 years from today. They will make equal quarterly payments of $20,000 beginning next quarter and ending in 16 years.

The account earns 8.00% p.a., compounded quarterly. You must have $_______ in its account today.

Related Book For answer-question

Fundamentals of corporate finance

ISBN: 978-0073382395

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Posted Date: Jan 01, 2021 12:49 AM

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Fundamentals of corporate finance

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