x
Info
x
Warning
x
Danger
 / 
 / 
 / 
Delph Cosmetics has a $130,000 liability it must pay four

Question : Delph Cosmetics has a $130,000 liability it must pay four : 9232

Delph Cosmetics has a $130,000 liability it must pay four years from today. The company is opening a savings account so that the entire amount will be available when this debt comes due. The plan is to make an initial deposit today and then deposit an additional $20,000 at the end of each of the four years. The account pays a 4.5 percent rate of return. How much does the firm need to deposit today?

Solution
5 (1 Ratings )

Solved
Finance 1 Year Ago 123 Views
This Question has Been Answered!
Unlimited Access Free
Explore More than 2 Million+
  • Textbook Solutions
  • Flashcards
  • Homework Answers
  • Documents
Signup for Instant Access!
Ask an Expert
Our Experts can answer your tough homework and study questions
275782 Finance Questions Answered!
Post a Question