Ajax corporation has hired brad orsquobrien as its new, Financial Management

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Ajax corporation has hired brad orsquobrien as its new

Ajax Corporation has hired Brad O’Brien as its new president. Terms included the company’s agreeing to pay retirement benefits of $18,900 at the end of each semi annual period for 10 years. This will begin in 3,285 days. If the money can be invested at 8% compounded semi annually, what must the company deposit today to fulfil its obligation to Brad?

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Financial Management: Ajax corporation has hired brad orsquobrien as its new

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