How much does the business have to invest today to supply

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Problem 1: A business has a ten year plan and is hoping to invest in a high-growth fund that will supply $1750 at the end of every month for 7 years, with the first payment deferred for 3 years. How much does the business have to invest today to supply this fund if the interest rate is 7.1% compounded quarterly?

Reference no: EM132944909

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