PLEASE AND THANK YOU

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 $540,000.00. If it continues to invest $45,000.00 at the end of every quarter into a fund earning 5.5% 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 $540,000.00 will have grown to $540000 and its $45,000.00 deposits will have grown to $437470.78 for a total of $977470.78 Thus, it will not have enough money 2 years from now