Starr Company decides to establish a fund that it will use 4 years from now to replace an aging production facility. The company will make a $96,000 initial contribution to the fund and plans to make quarterly contributions of $54,000 beginning in three months. The fund earns 12%, compounded quarterly. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "Table Factor" to 4 decimal places and final answers to the nearest whole dollar.) What will be the value of the fund 4 years from now? Table Values are Based on: Initial Investment Periodic Investments Future Value of Fund n = i= Present Value Table Factor Future Value
Starr Company decides to establish a fund that it will use 4 years from now to replace an aging production facility. The company will make a $96,000 initial contribution to the fund and plans to make quarterly contributions of $54,000 beginning in three months. The fund earns 12%, compounded quarterly. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "Table Factor" to 4 decimal places and final answers to the nearest whole dollar.) What will be the value of the fund 4 years from now? Table Values are Based on: Initial Investment Periodic Investments Future Value of Fund n = i= Present Value Table Factor Future Value
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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Transcribed Image Text:Starr Company decides to establish a fund that it will use 4 years from now to replace an aging production facility. The company will
make a $96,000 initial contribution to the fund and plans to make quarterly contributions of $54,000 beginning in three months. The
fund earns 12%, compounded quarterly. (PV of $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables
provided. Round your "Table Factor" to 4 decimal places and final answers to the nearest whole dollar.)
What will be the value of the fund 4 years from now?
Table Values are Based on:
Initial Investment
Periodic Investments
Future Value of Fund
n =
i=
Present Value Table Factor
Future Value
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