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A concrete and building materials company is trying to bring the company funded portion of its employee retirement fund into compliance with HB-301 . The company has already deposited $20,000 in each of the last 5 years. How much must be deposited now in order for the fund to have $350,000 three years from now, if the fund grows at a rate of 15% per year?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M940161

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