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    Exam 26: Present and Future Values in Accounting
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    A Company Is Setting Aside $21,354 Today, and Wishes to Have
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A Company Is Setting Aside $21,354 Today, and Wishes to Have

Question 63

Question 63

Short Answer

A company is setting aside $21,354 today, and wishes to have $30,000 at the end of three years for a down payment on a piece of property. What interest rate must the company earn?

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