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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 146
Solve this application problems. Round to the nearest cent.
COMPUTER REPLACEMENT The community college where Roman Rodriguez works sets aside an annual payment of $35,000 per year for 5 years so it will have funds to replace the personal computers, servers, and printers in the computer labs when needed. Assuming 5% compounded annually, what lump sum deposited today would result in the same future value? ____________
COMPUTER REPLACEMENT The community college where Roman Rodriguez works sets aside an annual payment of $35,000 per year for 5 years so it will have funds to replace the personal computers, servers, and printers in the computer labs when needed. Assuming 5% compounded annually, what lump sum deposited today would result in the same future value? ____________
Explanation
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The following table is given, 
There are...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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