A manufacturing company is planning to set aside 75000 now, Ask an Expert

Economics

A manufacturing company is planning to set aside $75,000 now and $120,000 one year from now for possible maintenance for a certain type of machine. If the maintenance won't be needed for 4 years, how much will the company have in the account, if it earns interest at a rate of 8% per year? Solve it using: Standard notation, Formula.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91995487

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