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A company recently expanded their assembly operations at a cost of $480 comma 000 . Management expects that the investment will grow at a rate

A company recently expanded their assembly operations at a cost of $480 comma 000 . Management expects that the investment will grow at a rate of 14 % per year compounded annually for the next 5 years. Find the future value of the investment. Then find the present value of that amount at a rate of 6 % per year compounded annually

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