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Please Show work on Excel Fraser Company will need a new warehouse in seven years. The warehouse will cost $390,000 to build. Use Excel or
Please Show work on Excel
Fraser Company will need a new warehouse in seven years. The warehouse will cost $390,000 to build. Use Excel or a financial calculator to solve. Round answers to the nearest dollar. Required: 1. What lump-sum amount should the company invest now to have the $390,000 available at the end of the seven-year period? Assume that the company can invest money at seven percent. Amount to be Invested 2. What lump-sum amount should the company invest now to have the $390,000 available at the end of the seven-year period? Assume that the company can invest money at five percent. Amount to be InvestedStep by Step Solution
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