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How much should invest in her fixed-income deposit

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Problem 1: Maria Eugenia, wishes to acquire a property in 2 years from this date. She assumes that the amount she will have to pay by that date will be 60 million. If she wishes to have that amount 2 years from now, how much should she invest in her fixed-income deposit that yields 11% per annum with quarterly compounding?

Reference no: EM133009633

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