Business, 04.04.2020 04:19 FreddyNoTalKing

Travis International has a debt payment of $2.15 million that it must make 3 years from today. The company does not want to come up with the entire amount at that time, so it plans to make equal monthly deposits into an account starting 1 month from now to fund this liability. If the company can earn a return of 4.38 percent compounded monthly, how much must it deposit each month?

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Travis International has a debt payment of $2.15 million that it must make 3 years from today. The c...

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