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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

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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 a $101,000 initial contribution to the fund and plans to make quarterly contributions of $49,000 beginning in three months. The fund earns 8%, compounded quarterly. (PV of $1. EV of $1. PVA of Si. and FVA of S1 (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 5 years from now? Table Values are Based on: n 396 Present Value Table Factor Future Value $ Initial Investment Periodic Investments Future Value of Fund 101,000 49.000

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