SOLUTION: You are the finance manager for a particular company. The company plans to purchase $2,000,000 in new assembly line machinery in 5 years. How much (in $) must be set aside now at 8

SOLUTION: You are the finance manager for a particular company. The company plans to purchase $2,000,000 in new assembly line machinery in 5 years. How much (in $) must be set aside now at 8

Algebra.Com

Question 1172708: You are the finance manager for a particular company. The company plans to purchase $2,000,000 in new assembly line machinery in 5 years. How much (in $) must be set aside now at 8% interest compounded semiannually to accumulate the $2,000,000 in 5 years?
Answer by Solver92311(821) (Show Source): You can put this solution on YOUR website!

If

$2M, solve for

John

My calculator said it, I believe it, that settles it

From
I > Ã˜

RELATED QUESTIONS
Hello, my problem is: Suppose you are the accountant for a certain pharmaceutical... (answered by ElectricPavlov)

3. Pharmos Incorporated is a Pharmaceutical Company which is considering investing in a... (answered by ikleyn)

Suppose that you work for a newly restructured automotive company with nearly 100,000... (answered by solver91311)

TL Ltd is a multinational construction company with subsidiary organisations all around... (answered by ikleyn)

Suppose we have a credit card company that sets the due date every 1st month. If its... (answered by ikleyn)

You borrow $650,000 from a mortgage company for a 30 year loan at 7.1% interest to... (answered by math_tutor2020)

--------------- QUESTION FOLLOWS -------------------------- Case Study - Planning... (answered by Theo)

Case Study - Planning Ahead Precision Machining Corporation has been growing steadily... (answered by Alan3354,ikleyn)

Suppose a company has 10 employees, 1 earning R160 000, 1 earning R120 000, 2 earning... (answered by ikleyn)