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Fraser Company will need a new warehouse in three years. The warehouse will cost $370,000 to build. Use Excel or a financial calculator to solve.

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Fraser Company will need a new warehouse in three years. The warehouse will cost $370,000 to build. Use Excel or a financial calculator to solve. Round answers to the nearest dollar. Required: 1. What lump-sum amount should the company invest now to have the $370,000 available at the end of the three-year period? Assume that the company can invest money at ten percent. Amount to be Invested 2. What lump-sum amount should the company invest now to have the $370,000 available at the end of the three-year period? Assume that the company can invest money at six percent. Amount to be Invested

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