Question: Pinpoint Laser Systems is planning to set aside $260,000 now for possibly replacing its 4-pole, 38-MW synchronous motors when it becomes necessary. If the replacement

Pinpoint Laser Systems is planning to set aside $260,000 now for possibly replacing its 4-pole, 38-MW synchronous motors when it becomes necessary. If the replacement is expected to take place in 3 years, how much will the company have in its investment set-aside account? Assume the company can achieve a rate of return of 12% per year, compounded quarterly.

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Given 1 Principle Amount set aside at t0 260000 2 Total time period 3 years 3 Rate of return 12 Qu... View full answer

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