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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
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? Round to the nearest dollar. Type your answer here
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