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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596 Exercise 108
Solve the following exercises by using Table 12-2.
As the chief accountant for Proline Industries, you have estimated that the company must pay $100,000 income tax to the IRS at the end of each quarter this year. How much should be deposited now at 8% interest compounded quarterly to meet this tax obligation?
As the chief accountant for Proline Industries, you have estimated that the company must pay $100,000 income tax to the IRS at the end of each quarter this year. How much should be deposited now at 8% interest compounded quarterly to meet this tax obligation?
Explanation
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For calculating present value of an annu...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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