Determine how much would the company have to invest today

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Assume that Window Printing, Inc. decides to wait six (3) months to make the investment due to an unexpected cash expenditure but still needs the new printing press in six (6) months. How much would the company have to invest today to have $10,000 in cash available in three (3) months? The rate of return being offered on the funds will remain 4.5% continuing to use the simple interest formula (Assume a 365 day year).

Reference no: EM13333019

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