How much must you invest now at an interest rate of 8.5% per year compounded annually to accumulate $200,000 after 45 years? O $5,090 O $7,000 O $4,140 O $6,265 company will need $100,000 in five year's time to replace one of s production lines. Assuming the company can earn 7% per year ompound interest on its savings, how much should the company be aving at the end of each vear for the next five vears?
How much must you invest now at an interest rate of 8.5% per year compounded annually to accumulate $200,000 after 45 years? O $5,090 O $7,000 O $4,140 O $6,265 company will need $100,000 in five year's time to replace one of s production lines. Assuming the company can earn 7% per year ompound interest on its savings, how much should the company be aving at the end of each vear for the next five vears?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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