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PLEASE SHOW WORK AND FORMULAS! Suppose that an account has 6 million (Year 0) invested and earning a 2% rate of return. You intend to
PLEASE SHOW WORK AND FORMULAS!
Suppose that an account has 6 million (Year 0) invested and earning a 2% rate of return. You intend to use this account to help fund your pilot battery project until it can become self funding. You anticipate that cash flows from the battery project will be as follows: Y ear Onm * Cash flows 6M - 2M - \0.7M 1M 4M Calculate the amount of Yen in the account at the end of Year 1, at the end of Year 2, at the end of Year 3, and at the end of Year 4. * A). 6,120,000, W4,202,400, 3,572,488, 4,663,896 B). 6,120,000, W4,202,400, 4,986,448, \9,086,176 C). 4,120,000, 4,202,400, 4,986,448, 5,086,176 D). 4,120,000, #3,502,400, 4,572,448, \8,663,896Step by Step Solution
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