How much to deposit for the fund to have fixed amount, Microeconomics

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How much to deposit for the fund to have fixed amount

A concrete and building materials company is trying to bring the company funded portion of its employee retirement fund into compliance with HB-301 . The company has already deposited $20,000 in each of the last 5 years. How much must be deposited now in order for the fund to have $350,000 three years from now, if the fund grows at a rate of 15% per year?

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Microeconomics: How much to deposit for the fund to have fixed amount

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Request for Solution File

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Microeconomics: How much to deposit for the fund to have fixed amount

Reference No:- TGS040161

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Compute the standard deviation of return

Q : Calculating the proceeds

Q : What is working capital

Q : Determining opportunity cost of debt

Q : How much to deposit for the fund to have fixed amount

Q : What are the expected cash receipts

Q : Should you lease or buy

Q : Determining the net income after tax

Q : Two measurements of company activity

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: How much to deposit for the fund to have fixed amount

Reference No:- TGS040161

Recent Questions Asked Microeconomics

Q : Compute the standard deviation of return

Q : Calculating the proceeds

Q : What is working capital

Q : Determining opportunity cost of debt

Q : How much to deposit for the fund to have fixed amount

Q : What are the expected cash receipts

Q : Should you lease or buy

Q : Determining the net income after tax

Q : Two measurements of company activity

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