A company is planning to set aside money each year for the next 10 years...
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Finance
A company is planning to set aside money each year for the next 10 years to repay $120 million in bonds that will be coming due. If the appropriate discount rate is 8%, what is the DIFFERENCE in the amount the company need to set aside each year if they do so at the beginning of the year rather than the end? $1,836,926 $2,755,390 $1,780,312 $1,324,707 $1,430,683
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