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Starr Company decides to establish a fund that it will use 2 years from now to replace an aging production facility. The company will make
Starr Company decides to establish a fund that it will use 2 years from now to replace an aging production facility. The company will make a $108,000 initial contribution to the fund and plans to make quarterly contributions of $49,000 beginning in three months. The fund earns 4%, compounded quarterly, (PV of \$1. FV of \$1, PVA of \$1, and FVA of \$1) Note: 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 2 years from now? p=1/(1+i)n Fable B.2 Future Yalue of 1 =(1+i)n Table B3 Present Value of an Annuity of 1 y=[11/(1+i)nyi Table B.4 Future Value of an Annuity of 1 f=[(1+i)n1]i Starr Company decides to establish a fund that it will use 2 years from now to replace an aging production facility. The company will make a $108,000 initial contribution to the fund and plans to make quarterly contributions of $49,000 beginning in three months. The fund earns 4%, compounded quarterly, (PV of \$1. FV of \$1, PVA of \$1, and FVA of \$1) Note: 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 2 years from now? p=1/(1+i)n Fable B.2 Future Yalue of 1 =(1+i)n Table B3 Present Value of an Annuity of 1 y=[11/(1+i)nyi Table B.4 Future Value of an Annuity of 1 f=[(1+i)n1]i
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