Dri enterprises needs to have a lump-sum deposit of 200000, Ask an Expert

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DRI Enterprises needs to have a lump-sum deposit of $200,000 for the purchase of a surety bond in 6 months. They wish to immediately deposit a sum of cash into a short-term account paying 4% per year, compounded on a monthly basis. How much will they need to deposit into this account to have enough to purchase the bond?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92411340

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