1. Green Industries is a manufacturer of environmentally friendly household cleaners. Its business has been booming and it would like to save some money for a possible future expansion of its operating facilities. If Green is able to save $25,000 per year for the next 5 years, how much money would it have if it is able to earn an 4% rate of return compounded annually?

   The following time value of money factors may be useful:

   Present Value Factors

   PV of a single sum for 5 periods at 4% = 0.82193 PV of an annuity for 5 periods at 4% = 4.45182

   Future Value Factors

   FV of a single sum for 5 periods at 4% = 1.21665 FV of an annuity for 5 periods at 4% = 5.41632

   		1.) $514,550
   		2.) $324,979
   		3.) $433,306
   		4.) $135,408