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Module 0 8 Homework: Problem 2 1 ( 1 point ) Future Value of an Annuity Richard S Flores McDonald's major distribution partner, The Martin
Module Homework: Problem
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Future Value of an Annuity
Richard S Flores
McDonald's major distribution partner, The MartinBrower Company, needs at least $ million to build new warehouse in Medicine Hat years from today. To date, it has invested $ If it continues to invest $ at the end of every quarter into a fund earning quarterly, will it have enough money to build the warehouse years from now? How much money will it have?
The MartinBrower Company's $ will have grown to and its $ deposits will have grown to for a total of Thus, it have enough money years from now.
Note: You can earn partial credit on this problem.
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