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No excel and please write clearly. Thank you. 5. If a company wants to have $10M raised in 5 years from now, if it deposits

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No excel and please write clearly. Thank you.

5. If a company wants to have $10M raised in 5 years from now, if it deposits $2M now and makes a uniform annual deposits of $1.5M in a mutual fund that guarantees a return of 12% per year, how short the company will be in its goal of raising $10M at the end of 5 Years. 5. If a company wants to have $10M raised in 5 years from now, if it deposits $2M now and makes a uniform annual deposits of $1.5M in a mutual fund that guarantees a return of 12% per year, how short the company will be in its goal of raising $10M at the end of 5 Years

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