Environmental Recovery Company RexChem Partners plans to finance a site reclamation project that will require a 4-year

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Environmental Recovery Company RexChem Partners plans to finance a site reclamation project that will require a 4-year cleanup period. The company plans to borrow $3.6 million now. How much will the company have to get in a lump-sum payment when the project is over in order to earn 24% per year, compounded quarterly, on its investment?

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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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