Situations

Storrs Enterprises Ltd$.$ is budgeting for the acquisition of land over the next several years. The company can invest $$900,000$ at $10$ percent. How much cash will Storrs Enterprises Ltd$.$ have for land acquisition at the end of nireteen years? At the end of twenty years?

Alberston Associates Inc. is planning to invest $$14,000$ each year for elevenyears. The company's investment advisor believes that Alberston Associates Inc. can earn $4$ percent interest without taking on too much risk. What will be the value of Alberston's investment on the date of the last deposit if Alberston can earn $4$ percent? If Alberston can earn $6$ percent?