Brian inc estimates that it will need 150000 in ten years, Accounting Basics

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Brian inc estimates that it will need 150000 in ten years

Present Value and Future Value

Brian Inc. estimates that it will need $150,000 in ten years to expand its manufacturing facilities. A bank has agreed to pay Brian 5% interest compounded annually if the company deposits the entire amount now needed to accumulate $150,000 in ten years. How much money does Brian need to deposit?

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Accounting Basics: Brian inc estimates that it will need 150000 in ten years

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