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ES.18 Stellas Bakeny is planning for future expansion by investing $30,000 now into a fund that carns interest at an annuel rate of 7%, compounded

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ES.18 Stellas Bakeny is planning for future expansion by investing $30,000 now into a fund that carns interest at an annuel rate of 7%, compounded annvelly. Determine how much stella's will have 5 years from now to purchase a new commercial oven, using FV funetion in Excel or a financial calculater. 5,19 stella's Bakery is planning for future expansion. The company estimates that it will need 50,000 to purchase a new comverual oven 5 years from now. Assuming 71. anhual interest rate compounded annvally, use the PV function in Excel or a funancial calculator to determine how much stella's must invest today to have $50,000. 5 years from now

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