A local company wants to fund a lab at cal poly pomona, Ask an Expert

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A local company wants to fund a lab at Cal Poly Pomona indefinitely. The lab will receive $100,000 per year starting five years from now, drawing money from an account guaranteed to provide 2% interest. How much would the company need to deposit now to ensure the lab's funding?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92369628

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