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Not yet answered Marked out of 3.00 P Flag question (SO1P12) A steel company is planning to expand its manufacturing operation 5 years from now
Not yet answered Marked out of 3.00 P Flag question (SO1P12) A steel company is planning to expand its manufacturing operation 5 years from now at a cost of $10,000,000. If the company plans to deposit money into an account each year for 4 years beginning 2 years from now (first deposit is in year 2) to pay for the expansion, the equation that represents the amount of the deposit at 9% per year interest is Select one: O a. A = 10,000,000(A/F,9%,5) O b. A = 10,000,000(A/F,9%,4) (P/F,9%,1) O c. A = 10,000,000(A/F,9%,4) O d. A = 10,000,000(A/P,9%,4)
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