Question: 8. Deiph Cosmetics has a $130,000 liability it must pay four years from today. The company i opening a savings account so that the entire

8. Deiph Cosmetics has a $130,000 liability it must pay four

8. Deiph Cosmetics has a $130,000 liability it must pay four years from today. The company i opening a savings account so that the entire amount will be available when this debt comes due The plan is to make an initial deposit today and then deposit an additional $20,000 at the end c each of the four years. The account pays a 4.5 percent rate of return. How much does the firr need to deposit today

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