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Pineapple Enterprises has an outstanding liability that will require them to pay Apple Co. $50,000 in 5 years. How much cash would Pineapple need to deposit today into an account, earning 8% interest

Pineapple Enterprises has an outstanding liability that will require them to pay
Apple Co. $50,000 in 5 years. How much cash would Pineapple need to deposit
today into an account, earning 8% interest, compounded quarterly, in order to
have the amount needed in 5 years?
Select one:
O a. $12,532
O b. $33,650
O C. $34,030
d. $45,285
e. None of the above

Sep 07 2020 Read more Less More

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