A testing agency needs to purchase $40,000 worth of equipment 2 years from now. How much should

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A testing agency needs to purchase $40,000 worth of equipment 2 years from now. How much should the agency put aside each quarter to make the purchase using an interest rate of 20% per year, compounded quarterly?

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Issues in Economics Today

ISBN: 978-1259746390

8th edition

Authors: Robert C. Guell

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Posted Date: Oct 22, 2019 08:30 AM

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A testing agency needs to purchase $40,000 worth of equipment 2 years from now. How much should

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No of periods for investment Nperno of yearsno ... View the full answer

Issues in Economics Today

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