Starr Company decides to establish a fund that it will use 1 year from now to replace an aging production facility. The company will make a $104,000 initial contribution to the fund and plans to make quarterly contributions of $48,000 beginning in three months. The fund earns 12%, compounded quarterly.

Starr Company decides to establish a fund that it will use 1 year from now to replace an aging production facility. The company will make a $104,000 initial contribution to the fund and plans to make quarterly contributions of $48,000 beginning in three months. The fund earns 12%, compounded quarterly. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "Table Factor" to 4 decimal places and final answers to the nearest whole dollar.) What will be the value of the fund 1 year from now? Table Values are Based on: n = Present Value Table Factor Future Value Initial Investment Periodic Investments Future Value of Fund