how much will the company have in the account,

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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A company is planning to spend $100,000 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?
OA $133,022.01
O B. $136,048.89
OC $135,048.89
OD. $146,048.98
Transcribed Image Text:A company is planning to spend $100,000 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? OA $133,022.01 O B. $136,048.89 OC $135,048.89 OD. $146,048.98
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