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The Joshi Fish Farm (JFF), a saltwater aquarium company, is planning to expand its operations. It anticipates that an expansion will be undertaken in 4

The Joshi Fish Farm (JFF), a saltwater aquarium company, is planning to expand its operations. It anticipates that an expansion will be undertaken in 4 years. In anticipation of the expansion, JFF invests money into a mutual fund that earns 6% compounded annually to finance the expansion. At the end of year 1, they invest $100,000. They increase the amount of their investment by $34,000 each year. How much will JFF have at the end of 4 years so that it can pay for the expansion?

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