SOLUTION: Best Motors has hired Robert Trent as its new president. Terms included the company’s agreeing to pay retirement benefits of $17,900 at the end of each semiannual period for 12 yea
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Question 1113635: Best Motors has hired Robert Trent as its new president. Terms included the company’s agreeing to pay retirement benefits of $17,900 at the end of each semiannual period for 12 years. This will begin in 4,015 days. If the money can be invested at 8% compounded semiannually, what must the company deposit today to fulfill its obligation to Robert.? Answer by solver91311(24713) (Show Source):
Posing the same question several times in a row is not going to improve your chances of getting your question answered. In fact, in this case, you have created the opposite effect.
John
My calculator said it, I believe it, that settles it
