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Ivanhoe Inc. is planning to expand operations into South America in 8 years. The first three years, Ivanhoe will spend on feasibility and marketing studies.
Ivanhoe Inc. is planning to expand operations into South America in 8 years. The first three years, Ivanhoe will spend on feasibility and marketing studies. Once those studies are complete, Ivanhoe plans to invest $242000 per year for the remaining five years. What amount will Ivanhoe have at the end of the eight-year period for the expansion assuming a 13% interest rate
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