Essay
Mega Force Co. needs to have $200 million accumulated to fund health insurance payments for its retirees.
Will Mega Force Co. have enough accumulated at the end of 3 years if it deposits $164 million today if compounding occurs semi-annually with an annual rate of 8%?
Correct Answer:
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N = 6 (3*2) I/Y = 4 (8% /2) PV...View Answer
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Correct Answer:
Verified
View Answer
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