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Exercise B - 1 7 ( Algo ) Future value of an amount plus an annuity LO P 2 , P 4 Starr Company decides

Exercise B-17(Algo) Future value of an amount plus an annuity LO P2, P4
Starr Company decides to establish a fund that it will use 2 years from now to replace an aging production facility. The company will make a $98,000 initial contribution to the fund and plans to make quarterly contributions of $55,000 beginning in three months. The fund earns 8%, compounded quarterly. (PV of $1,FV of $1,PVA of $1, and FVA of $1)
Note: Use appropriate factor(s) from the tables provided. Round your "Table Factor" to 4 decimal places and final answers to the nearest whole dollar.
What will be the value of the fund 2 years from now?
\table[[Table Values are Based on:,,,],[,,,],[,Present Value,Table Factor,Future Value],[Initial Investment,,,],[Periodic Investments,,,],[Future Value of Fund,,,]]
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