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Your company estimates that it must perform some facilities upgrades 15 years from now. The anticipated costs are $50 million. At the current time, the
Your company estimates that it must perform some facilities upgrades 15 years from now. The anticipated costs are $50 million. At the current time, the company will sell some assets for $5 million, and deposit that money into an investment that earns 8% interest. The company will make an additional deposit into the account, at the time n = 5. The total future value of both deposits, at time n = 20, must equal $50 million. Calculate the amount that must be deposited at the end of the 5th period. (10 Points)
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