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Business, 12.03.2020 20:16 brendaslater49p6ttxt

The Ajax Co. just decided to save $1,500 a month for the next five years as a safety net for recessionary periods. The money will be set aside in a separate savings account which pays 3.25% interest compounded monthly. It deposits the first $1,500 today. If the company had wanted to deposit an equivalent lump sum today, how much would it have had to deposit? $82,964.59 $83,189.29 $83,428.87 $83,687.23 $84,998.01

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