Explain how much would company

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Q. Felix Corp. just decided to save $2,500 a month for next four years as a safety net for recessionary periods. Money will be set aside in a separate savings account which pays 3.25% interest compounded monthly. Felix plans to deposit first $2,500 today. If Felix Corp wanted to deposit an equivalent lump sum today instead to build safety net, explain how much would company.

Reference no: EM1380591

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