Kenji is planning for a retirement home. He estimates he will need 20,000,000 4 years from now

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Kenji is planning for a retirement home. He estimates he will need ¥20,000,000 4 years from now to purchase this home. Assuming an interest rate of 10%, what amount must be deposited at the end of each of the 4 years to fund the home price? (Round to two decimal places.)
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Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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