Business
Business, 27.09.2019 21:20, raven1619

Starlite industries will need $2.2 million 4.5 years from now to replace some equipment. currently, the firm has some extra cash and would like to establish a savings account for this purpose. the account pays 3.6 percent interest, compounded annually. how much money must the company deposit today to fully fund the equipment purchase?
a. $1,679,947.20
b. $1,412,308.18
c. $1,350,868.47
d. $1,876,306.49
e. $1,798,407.21

answer
Answers: 3

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Starlite industries will need $2.2 million 4.5 years from now to replace some equipment. currently,...

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