Question: Consider the Everglade cash flow problem discussed in this chapter. Suppose that extra cash is kept in an interest-bearing savings account. Assume that any cash

Consider the Everglade cash flow problem discussed in this chapter. Suppose that extra cash is kept in an interest-bearing savings account. Assume that any cash left at the end of a year earns 3 percent interest the following year. Make any necessary modifications to the spreadsheet and re-solve. The original spread-sheet for this problem is include in the Excel file for this chapter.

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