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Environmental Recovery Company RexChem Partners plans to finance a site reclamation project that will require a 4-year cleanup period. The

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Environmental Recovery Company RexChem Partners plans to finance a site reclamation project that will require a 4-year cleanup period. The company plans to borrow $3.6 million now. How much will the company have to get in a lump-sum payment when the project is over in order to earn 24% per year, compounded quarterly, on its investment?

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Principal P 3 6 million rate of interest r …View the full answer


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Question Posted: December 17, 2012 05:39:23
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