1What amount must be set aside now to generate payments of $60,000 at the beginning...
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Accounting
1What amount must be set aside now to generate payments of $60,000 at the beginning of each year for the next 11 years if money is worth 5.78%, compounded annually? (Round your answer to the nearest cent.)
2A year-end bonus of $21,000 will generate how much money at the beginning of each month for the next year, if it can be invested at 6.51%, compounded monthly? (Round your answer to the nearest cent.)
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