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A company sets up a fund that will be used in 2 years to replace aging equipment. The company will contribute $108,000 immediately, and plans
A company sets up a fund that will be used in 2 years to replace aging equipment. The company will contribute $108,000 immediately, and plans to contribute $53,800 each quarter beginning in three months. Assuming the fund earns 4% interest, compounded quarterly, determine the value of the fund 2 years from today. Note: Use factor(s) from tables provided. Round "Table Factor" to 4 decimals and final answer to the nearest whole dollar. $1,FV of $1,PVA of $1, and FVA of $1
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