Question
1.Acceleron, Inc., is planning to expand to new facilities in Indianapolis. The company will make the move when its real estate sinking fund has a
1.Acceleron, Inc., is planning to expand to new facilities in Indianapolis. The company will make the move when its real estate sinking fund has a total value of $1.2 million. If the fund currently has $400,000 and the company adds $50,000 per year, how many years will it take for the account to reach the desired value, if it earns interest at a rate of 10% per year?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
