Assume that a deposit is to be made at year zero into an account that will earn
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Assume that a deposit is to be made at year zero into an account that will earn 8% compounded annually. It is desired to withdraw Rs. 4,000 three years from now and Rs. 6,000 six years from now. What is the size of the year zero deposit that will produce these future payments?
Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 978-1118749647
8th edition
Authors: Black Ken
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