Your company needs $500,000 in two years time for ...
Your company needs $500,000 in two years time for renovations and can earn 9% interest on investments.
a) What is the present value of the renovations?
[pic] I think this is wrong
b) If your company deposits money continuously at a constant rate throughout the two-year period, at what rate should your money be deposited so that you have $500,000 when you need it?
[pic][pic] I think this is wrong
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