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A father wants to set up a bank account that will pay his daughter $ 15,000 at the end- of- quarter EOQ 4 and $ 25,000 at EOQ 8. He will fund this account by making quarterly payments of $ X from the present ( time zero) through EOQ 7. ( 4.10) a. Draw a cash- flow diagram from the father’s viewpoint. b. If the quarterly percentage rate is 2%, what is the value of $ X that must be deposited into the account?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91726032

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