A company sets up a fund that will be used in 2 years to replace aging equipment. The company will contribute $ and plans to contribute $53,700 each quarter beginning in three months. Assuming the fund earns 4% interest, co determine the value of the fund 2 years from today. Note: Use factor(s) from tables provided. Round "Table Factor" to 4 decimals and final answer to the nearest $1, FV of $1, PVA of $1, and FVA of $1) Table Values are Based on: Initial Investment Periodic Investments n = i= Present Value Table Factor Future Value
A company sets up a fund that will be used in 2 years to replace aging equipment. The company will contribute $ and plans to contribute $53,700 each quarter beginning in three months. Assuming the fund earns 4% interest, co determine the value of the fund 2 years from today. Note: Use factor(s) from tables provided. Round "Table Factor" to 4 decimals and final answer to the nearest $1, FV of $1, PVA of $1, and FVA of $1) Table Values are Based on: Initial Investment Periodic Investments n = i= Present Value Table Factor Future Value
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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