The account pays a 45 percent rate of return how much does


Jones Stoneware has a $65,000 liability it must pay four years from today. The company is opening a savings account so that the entire amount will be available when this debt comes due. The plan is to make an initial deposit today and then deposit an additional $10,000 at the end of each of the four years. The account pays a 4.5 percent rate of return. How much does the firm need to deposit today?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: The account pays a 45 percent rate of return how much does
Reference No:- TGS02362794

Expected delivery within 24 Hours