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A construction management company is examining its cash flow requirements for the next 7 years. The company expects to replace software and in-field computing equipment at various times over a 7-year planning period. Specifically, the company expects to spend $6,000 1 year from now, $10,000 3 years from now, and $10,000 each year in years 6 through 10. What is the future worth in year 10 of the planned expenditures, at an interest rate of 10% per year?

The future worth is determined to be $.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92645692

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