Loadstar Sensors is a company that makes load/ force sensors based on capacitive sensing technology. For a major plant expansion project, the company wants to have $30 million 5 years from now. If the company already has $15 million in an investment account for the expansion, how much more must the company add to the account now so that it will have the $30 million 5 years from now? The funds earn interest at the rate of 10% per year.
Loadstar Sensors is a company that makes load/ force sensors based on capacitive sensing technology. For a major plant expansion project, the company wants to have $30 million 5 years from now. If the company already has $15 million in an investment account for the expansion, how much more must the company add to the account now so that it will have the $30 million 5 years from now? The funds earn interest at the rate of 10% per year.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Loadstar Sensors is a company that makes load/
force sensors based on capacitive sensing technology.
For a major plant expansion project, the company
wants to have $30 million 5 years from now.
If the company already has $15 million in an investment
account for the expansion, how much
more must the company add to the account now so
that it will have the $30 million 5 years from now?
The funds earn interest at the rate of 10% per year.
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