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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.
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 $480,000.00. If it continues to invest $45,000.00 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 $480,000.00 will have grown to and its $45,000.00 deposits will have grown to for a total of Thus, it ? have enough money 2 years from now. Note: You can earn partial credit on this problem. Preview My Answers Submit Answers You have attempted this problem 2 times. You have 3 attempts left before new version will be requested. Your overall recorded score is 25%. You have unlimited attempts remaining. Show Past Answers
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