A Freeze dryer is expected to cost RM19,000 two years from now and another RM12,000 four years from now. If Astra Zeneca wants to set aside enough money now to cover these costs, how much must be invested at an interest rate of 8% per year compounded quarterly?

A Freeze dryer is expected to cost RM19,000 two years from now and another RM12,000 four years from now. If Astra Zeneca wants to set aside enough money now to cover these costs, how much must be invested at an interest rate of 8% per year compounded quarterly?

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter13: Other Financing Alternatives

Section: Chapter Questions

Problem 1bM

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