If an apartment complex will need painting in years and the job will cost $125,000, what...

Question

Question

If an apartment complex will need painting in years and the job will cost $125,000, what amount needs to be deposited into an

Answer 1

Answer #1

1.
Present value

2.
We see that the Present Value=Future Value/(1+r/2)^(2*t)
=125000/(1+3%/2)^(2*3.5)
=112628.3488

Answer 2

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