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On January 15, 2020, Marigold Corp. adopted a plan to accumulate funds for environmental improvements beginning July 1, 2024, at an estimated cost of $7930000.

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On January 15, 2020, Marigold Corp. adopted a plan to accumulate funds for environmental improvements beginning July 1, 2024, at an estimated cost of $7930000. Marigold plans to make four equal annual deposits in a fund that will earn interest at 8. compounded annually. The first deposit was made on July 1, 2020. Future value factors are as follows: Future value of 1 at 8% for 5 periods 1.47 Future value of ordinary annuity of 1 at 8% for 4 periods 4.51 Future value of annuity due of 1 at 8% for 4 periods 4.87 Marigold should make four annual deposits of O $1410781. $1628337 $1982500 $1758314

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