McDonald's major distribution partner, The Martin$-$Brower Company, needs at least $$1$ million to build a new warehouse in Medicine Hat $2$ years from today. To date, it has invested $$460,000\mathrm{.}00.$ If it continues to invest $$45,000,00$ at the end of every quarter into a fund earning $5\mathrm{.}5\%$ quarterly, will it have enough money to build the warehouse $2$ years from now? How much money will it have?

The Martin$-$Brower Company's $$460,000\mathrm{.}00$ will have grown to and its $$45,000\mathrm{.}00$ deposits will have grown to for a total of Thus, it have enough money $2$ years from now.

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