Business, 16.12.2019 19:31 thatcommondumbgirl
Yamaha inc. hires a new chief financial officer and promises to pay him a lump-sum bonus four years after he joins the company.
the new cfo insists that the company invest an amount of money at the beginning of each year in a 7% fixed rate investment fund to insure the bonus will be available.
to determine the amount that must be invested each year, a computation must be made using the formula for: (a) the future value of a deferred annuity.(b) the future value of an ordinary annuity.(c) none of these answer choices are correct.(d) the future value of an annuity due.
Answers: 1
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Yamaha inc. hires a new chief financial officer and promises to pay him a lump-sum bonus four years...
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