Retire bonds outstanding, Dubois Inc. wishes to accumulate

Retire bonds outstanding

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Reference no: EM131863085

Dubois Inc. wishes to accumulate $1,300,000 by December 31, 2027, to retire bonds outstanding. The company deposits $200,000 on December 31, 2017, which will earn interest at 10% compounded quarterly, to help in the retirement of this debt. In addition, the company wants to know how much should be deposited at the end of each quarter for 10 years to ensure that $1,300,000 is available at the end of 2027. (The quarterly deposits will also earn at a rate of 10%, compounded quarterly.) (Round to even dollars.)

"The report file must reveal the formulas that you create when a specific cell is clicked" Can you please show how to use excel to do this problem.

Reference no: EM131863085

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