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PLEASE SHOW ALL STEP AND CALCULATIONS If a company wants to have $15M raised in 5 years from now, if it deposits $2M now and
PLEASE SHOW ALL STEP AND CALCULATIONS
If a company wants to have $15M 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 $15M at the end of 5 Years.
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