Turbo TankTurbo Tank Pancake Company has budgeted $ 320 comma 000$320,000 to build a new factory 1010 years from today. Turbo TankTurbo Tank will finance the project by making sevenseven annual deposits of $ 50 comma 000$50,000 into a savings fund at the end of each year that commences at the end of year 44. The company's interest rate is 66%.

pre: 0.67 of 1 pt EP7-30 (similar to) 8 of 410 urbo Tank Pancake Company has budgeted $320,000 to build a new factory 10 years from today. Turbo Tank will nance the project by making seven annual deposits of $50,000 into a savings fund at the end of each year that commences at the end of year 4. The company's interest rate is 6%. Requirement Prepare a timeline that depicts this time value of money problem. Will Turbo Tank have sufficient funds to pay for the $320,000 factory at the end of the 10-year period? 1 2 t=0 OB. PV=X $50,000 $50,000 $60,000 $50,000 $50,000 $50,000 $50,000 FVOA = X $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 OD FV0A = X $50,000 $60,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $80,000 $50,000 $50,000 to Will Turbo Tank have sufficient funds to pay for the $320,000 factory at the end of the 10-year period? (Use the present and future va or the formula method, use factor amounts rounded to five decimal places, XXXOOX. Round your final answer to two decimal places 419,691.88, the company will have Since the value of the annuity is $ at the end of year 10 sufficient funds to pay for the $320,000 factory This question is complete. Move your cursor over or tap on the red arrows to see incorrect answers. All parts showing MacBook Air esc 30 #