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Question: The LST Company has contracted to make the following payments: $8500 immediately; $850 at the end of year 1; $1050 at the end of year 2; $1250 at the end of year 3 and $1450 at the end of year 4. What fixed amount of money should the company plan to set aside each year at 10% interest per your, compounded annually in order to make the above payments?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M93131762

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