Andy promises to pay Opie $3 comma 0003,000 when Opie graduates from Mayberry University in...
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Accounting
Andy promises to pay Opie $3 comma 0003,000 when Opie graduates from Mayberry University in 1111 years. How much must Andy deposit today to make good on his promise, if he can earn 77% on hisinvestments? How much must Andy deposit today to make good on his promise?
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