Business
Business, 18.12.2019 05:31, st3ph

The great giant corp. has a management contract with its newly hired president. the contract requires a lump sum payment of $24,800,000 be paid to the president upon the completion of her first 9 years of service. the company wants to set aside an equal amount of funds each year to cover this anticipated cash outflow. the company can earn 8 percent on these funds. how much must the company set aside each year for this purpose?

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The great giant corp. has a management contract with its newly hired president. the contract require...

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