7. Rapir Automation, which manufactures addressable quarter-turn electric actuators, is planning to set aside Php5M now and Php7.5M one year from now for possible replacement of the heating and cooling systems in three of its larger manufacturing plants. If the replacement 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? A Php192.58k B Php9.63M C Php325k D Php16.25M
7. Rapir Automation, which manufactures addressable quarter-turn electric actuators, is planning to set aside Php5M now and Php7.5M one year from now for possible replacement of the heating and cooling systems in three of its larger manufacturing plants. If the replacement 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? A Php192.58k B Php9.63M C Php325k D Php16.25M
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
Related questions
Question
![7. Rapir Automation, which manufactures addressable quarter-turn electric actuators, is
planning to set aside Php5M now and Php7.5M one year from now for possible replacement
of the heating and cooling systems in three of its larger manufacturing plants. If the
replacement 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?
A
Php192.58k
B
Php9.63M
C Php325k
D
Php16.25M](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4837f6f3-175d-4735-bc1a-2718901db6db%2Feec2fb4c-f8e9-424f-b908-0982a5c8580a%2Frdwyowj_processed.png&w=3840&q=75)
Transcribed Image Text:7. Rapir Automation, which manufactures addressable quarter-turn electric actuators, is
planning to set aside Php5M now and Php7.5M one year from now for possible replacement
of the heating and cooling systems in three of its larger manufacturing plants. If the
replacement 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?
A
Php192.58k
B
Php9.63M
C Php325k
D
Php16.25M
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