How many monthly advance deposits of $2,500.00 each do we need to make to accumulate $638,513.00 if a rate of 26.4 applies?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 11EA: How much would you invest today in order to receive $30,000 in each of the following (for further...
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How many monthly advance
deposits of $2,500.00
each
do we need to make to
accumulate $638,513.00 if a
rate of 26.4 applies?
Transcribed Image Text:How many monthly advance deposits of $2,500.00 each do we need to make to accumulate $638,513.00 if a rate of 26.4 applies?
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