A company has a 67500 liability, he must pay four years from today. The company is opening a saving account so that the entire amount will be available when this debt needs to be paid. the plan is to make an initiial deposit today and then deposit an additional 10000 a year for the next four years, starting one year from today. the account pays a 5 percent rate of return. how much does the firm need to deposit today?
Tricky Financial Q... ANy help?
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