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What amount does fenland need to invest each year

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Question - Gully company plans to retire $100 million in bonds in five years, so it wishes to create a fund by making equal investments at the beginning of each year during that period In an account it expects to earn 8 percent annually. What amount does Fenland need to invest each year?

Reference no: EM133066242

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What amount does fenland need to invest each year : Gully company plans to retire $100 million in bonds in five years, so it wishes to create a fund. What amount does Fenland need to invest each year
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