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Roswell Industries is planning a major expansion 5 years from today. In preparation for this, the company is setting aside $25,000 each quarter, starting today,
Roswell Industries is planning a major expansion 5 years from today. In preparation for this, the company is setting aside $25,000 each quarter, starting today, for the next 5 years. How much money will the firm have when they are ready to expand if they can earn an average of 5.25 percent on their savings?
I would like to know the finance equation used for this, because I may be using the wrong one.
Thank you!
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