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Sandhill Corporation currently grows and sells fresh produce year-round in its homemade greenhouses. As the business is growing. Sandhill hopes to significantly expand its number

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Sandhill Corporation currently grows and sells fresh produce year-round in its homemade greenhouses. As the business is growing. Sandhill hopes to significantly expand its number of greenhouses in 5 years. Sandhill has deposited $110,000 into an investment account that will earn a 6% annual rate of interest. Sandhill is also committed to depositing $10,900 into the same account at the end of each of the next 5 years. (a) Using the FV function in Excel or a financial calculator, calculate how much Sandhill will have in its account at the end of 5 years. (Do not round intermediate calculations. Round final answer to 2 decimal places, es. 458,581.25.) Future value Assume now that Sandhill will make the $10,900 deposits at the beginning of the next 5 years. Using the FV function in Excel, or a financial calculator, calculate how much Sandhill will have in its account at the end of year 5 . (Do not round intermediate calculations. Round final answer to 2 decimal places, eg. 458,581.25.) Future value Sandhill knows it needs $514,000 in 5 years to purchase additional greenhouses. Assuming it will make annual deposits of $10,900 into an account earning 6% annual interest at the end of the next 5 years, use the PV function in Excel or a financial calculator to determine how much it must deposit today. (Do not round intermediate calculations. Round final answer to 2 decima places, e. 458,581.25 ) Present value

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