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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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Personal Finance
Authors: Jane King, Mary Carey
2nd Edition
0198748779, 9780198748779
