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A2-4 Reclamation of a site is scheduled to begin seven years from today and will require a sustained period of investment amounting to $2.5 million
A2-4 Reclamation of a site is scheduled to begin seven years from today and will require a sustained period of investment amounting to $2.5 million dollars per year for three years at the end of years 7, 8, and 9. A) What amount would you need to invest today in order to set aside sufficient funds now to meet the future obligations? Assume your money could earn 5,0% per year in low risk securities over the next nine-year period in question. B) Using the same 5.0% annual compound interest rate, what amount, invested cacl year for the next six years, would be suflicient to cover the future costs at the end of years 7 tloru 9
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