Business, 27.02.2020 04:33 markmeinberg

Jones Stoneware has a liability of $75,000 due four years from today. The company is planning to make an initial deposit today into a savings account and then deposit an additional $10,000 at the end of each of the next four years. The account pays interest of 4.5 percent. How much does the firm need to deposit today for its savings to be sufficient to pay this debt

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Jones Stoneware has a liability of $75,000 due four years from today. The company is planning to mak...