Videotech specializes in online security
Chapter 4, Problem 4.20(choose chapter or problem)
Videotech specializes in online security softwaredevelopment. It wants to have $65 million availablein 3 years to pay stock dividends. How muchmoney must the company set aside now in an accountthat earns interest at a rate of 12% per year,compounded quarterly? Solve using (a) tabulatedfactors, and (b) a single-cell spreadsheetfunction.
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