Solved: How much money company save now that earns interest, Microeconomics

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How much money company save now that earns interest

A company that specializes in online security software development wants to have $85 million available in 3 years to pay stock dividends. How much money must the company set aside now in an account that earns interest at a rate of 8% per year, compounded quarterly?

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Microeconomics: How much money company save now that earns interest

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Solution Preview :

Prepared by a verified Expert

Microeconomics: How much money company save now that earns interest

Reference No:- TGS0698905

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : How much to save per tire if purchase manager-s special

Q : Common stock outstanding

Q : The cumulative effect of changing the estimated bad debt

Q : Which product should harper tell its sales

Q : How much money company save now that earns interest

Q : Compute the npv of the investment

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Solution Preview :

Prepared by a verified Expert

Microeconomics: How much money company save now that earns interest

Reference No:- TGS0698905

Recent Questions Asked Microeconomics

Q : How much to save per tire if purchase manager-s special

Q : Common stock outstanding

Q : The cumulative effect of changing the estimated bad debt

Q : Which product should harper tell its sales

Q : How much money company save now that earns interest

Q : Compute the npv of the investment

Q : Data apply to each of the independent

Q : Did the court reach the proper decision in the case

Q : What is the journal entry to record income taxes

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