One year ago jk mfg deposited 20500 in an investment, Ask an Expert

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One year ago, JK Mfg. deposited $20,500 in an investment account for the purpose of buying new equipment four years from today. Today, it is adding another $15,000 to this account. The company plans on making a final deposit of $10,000 to the account one year from today. How much will be available when it is ready to buy the equipment, assuming the account pays 3.5 interest? Use financial calculator to solve equation.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92085637

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