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Starr Company decides to establish a fund that it will use 5 years from now to replace an aging production facility. The company will make
Starr Company decides to establish a fund that it will use 5 years from now to replace an aging production facility. The company will make a $106,000 initial contribution to the fund and plans to make quarterly contributions of $48,000 beginning in three months. The fund earns 8%, 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 "Future Value Factor" to 4 decimal places.) Starr Company decides to establish a fund that it will use 5 years from now to replace an aging production facility. The company will make a $106,000 initial contribution to the fund and plans to make quarterly contributions of $48,000 beginning in three months. The fund earns 8%, 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 "Future Value Factor" to 4 decimal places.)
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