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Aggressive approach of operating current assets

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Reference no: EM132623541

a) Assume that you plan to buy an apartment 10 years from now and that you need to save for a down payment. You plan to save $5000 per year, with the first payment being made immediately and deposited in a bank that pays 5%. How much will you have after 10 years?

b) How much would you have if you made the deposits at the end of each year?

c) Explain in detail the relatively aggressive approach of operating current assets financing policies.

Reference no: EM132623541

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