Business, 26.02.2020 18:47 qveensentha59

The company wants to have enough cash invested at December 31, 2021, to provide for all three employees. To accumulate enough cash, they will make three equal annual contributions to a fund that will earn 11% interest compounded annually. The first contribution will be made on December 31, 2018. Compute the amount of this required annual contribution.

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The company wants to have enough cash invested at December 31, 2021, to provide for all three employ...

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