do not use excel

show all steps for thump up

this is what i did but got -5 points

3. (10 Points) a. The Good Harmony Tea Corporation plans to set aside $60,000 per year beginning one year from now for replacing equipment five years from now. That is, they plan to set aside $60,000 at t=1,2,3,4,5 years. What will be the buying power with respect to today's dollars of the amount accumulated after five years, if the investment grows by 10% per year, and inflation is expected to average 4% per year over the next 5 years? CS 3) 60.000 every year skusting from end of pearl Fw= 60,000 (F/A, 10% 6), FW: ALELE $ Both give you 0.1 69,000 X 601051 t FW = $366, 30 6x Tlus actuel dillers Fw=60,000x (115-1)