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An electric company is planning to invest SR100,000 now, SR120,000 two year from now, SR 60,000 four years from now, SR 50,000 five years from
An electric company is planning to invest SR100,000 now, SR120,000 two year from now, SR 60,000 four years from now, SR 50,000 five years from now, for possible replacement of the generators in its larger manufacturing plants. If the replacement wont be needed for 10 years, how much will the company have in the account, if it earns interest at a rate of 10% per year?
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