Starlite industrie will need 22 million 45 years from now, Financial Management

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Starlite industrie will need 22 million 45 years from now

Starlite industrie will need $2.2 million 4.5 years from now to replace some equipment. Currently, the firm has some extra cash and would like to establish a savings for his purpose. The account pays 3.6 percent interest, coumpounded annually. how much money must the company deposit today to fuly fund the equipment purchase?

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Financial Management: Starlite industrie will need 22 million 45 years from now

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