Your employer has anticipated needing 60000 in two and a, Business Economics

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Your employer has anticipated needing 60000 in two and a

Your employer has anticipated needing $60,000 in two and a half years to finance the purchase of a new lathe. If they anticipate making a single lump sum investment today into a savings account that will return 12% interest compounded continuously, how much money do they need to invest?

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Business Economics: Your employer has anticipated needing 60000 in two and a

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Business Economics: Your employer has anticipated needing 60000 in two and a

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