How much must be deposited today using ten percent interest


Problem

We know that a certain piece of equipment will cost $150,000 in 5 years. How much must be deposited today using 10% interest to pay for it?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How much must be deposited today using ten percent interest
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