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Bo decides to establish a fund that it will use 10 years from now to replace an aging production facility.The company will make a $100,000

Bo decides to establish a fund that it will use 10 years from now to replace an aging production facility.The company will make a $100,000 initial contribution to the fund and plans to make quarterly contributions of $50,000 beginning in three months.The fund earns 12%, compounded quarterly.What will be the value of the fund 10 years from now?

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