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LRB Co. plans on saving money to buy some new equipment. The company is opening an account today with a deposit of $15,000 and expects

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LRB Co. plans on saving money to buy some new equipment. The company is opening an account today with a deposit of $15,000 and expects to earn 4% interest compounded quarterly. After 3 years, the firm wants to add an additional $50,000 to the account. If the account continues to earn 4% compounded quarterly, how much money will LRB Co. have in their account five years from now? $71,966.55 $72,987.11 $72,445.69 $72,329.79 $71,781.36 The primary goal of financial management is to maximize current year profit. True False

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