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How much should Shady deposit today

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Question - Shady Limited is interested in purchasing new equipment for its factory. Its estimating the price of the equipment will be based on the following schedule:

Estimated Cash Outflows

Probability Assessment

KD 28,700

30%

KD 30,300

50%

KD 35,500

20%

Required - How much should Shady deposit today in an account earning 12%, compounded quarterly, so that it will have enough money on hand in 2 years to purchase the new equipment?

Reference no: EM133101821

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