This paper circulates around the core theme of What would today’s deposit amount have to be if the firm opted for one lump sum deposit today that would yield the same amount of savings as the monthly deposits after five years? together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
The Design Team just decided to save $1500 a month for the next 5 years as a safety net for… 1 answer below » The Design Team just decided to save $1500 a month for the next 5 years as a safety net for recessionary periods. The money will be set aside in a separate savings account which pays 4.5 percent interest compounded monthly. The first deposit will be made today. What would today’s deposit amount have to be if the firm opted for one lump sum deposit today that would yield the same amount of savings as the monthly deposits after five years? Sep 16 2015 03:36 PM