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 $$500,000\mathrm{.}00.$ If it continues to invest

$$46,000\mathrm{.}00$ at the end of every quarter into a fund earning $6\%$ 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 $$500,000\mathrm{.}00$ will have grown to and its $$46,000\mathrm{.}00$ deposits will have grown

to for a total of $.$ Thus, it

have enough money $2$ years from now.