(Answered) Planning a major expansion

Finance

Question: My store is planning a major expansion for 4 years from today. In preparation for this, the company is setting aside $35,000 each quarter, starting *today*, for the next 4 years. How much money will the firm have when it is ready to expand if it can earn an average of 6.25 percent on its savings compounded annually?Describe your answer and give examples.

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