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Company A plans to set aside $150,000 now and $10,000 each month for possibly replacing its large synchronous refiner motors in the future. If the

Company A plans to set aside $150,000 now and $10,000 each month for possibly replacing its large synchronous refiner motors in the future. If the replacement is expected to take place in 3.5 years, how much will the company have in its investment set-aside account? Assume the rate of return is 10% per year compounded quarterly.

Please use EXCEL EQUATIONS ONLY

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