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Business, 02.07.2019 01:20 darrengresham999

Yamaha inc. hires a new chief financial officer and promises to pay him a lump sum bonus four years after he joins the company. the new cfo insists that the company invest an amount of money at the beginning of each year in a 7% fixed rate investment fund to insure the bonus will be available. to determine the amount that must be invested each year, a computation must be made using the formula for

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