Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 20EA: Towson Industries is considering an investment of $256,950 that is expected to generate returns of...
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A company wants to have $260,000 available in 4.5 years for new construction. How much must be deposited at the beginning of each quarter (in $) to reach this goal if the investment earns 10.2% compounded quarterly? (Round your answer to the nearest cent.)
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