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Q.4 A company is planning to expand its business after 5 years from now. The expected money required for the expansion program is $50 000 000. The company can invest $5 000 000 at the end of every year for the next five years. If the assured rate of return of investment is 10% for the company, check whether the accumulated sum in the account would be sufficient to meet the fund for the expansion program. If not, find the difference in amounts for which the company should make some other arrangement after 5 years?

Q.4 A company is planning to expand its business after 5 years from now. The expected money required for the expansion program is $50 000 000. The company can invest $5 000 000 at the end of every year for the next five years. If the assured rate of return of investment is 10% for the company, check whether the accumulated sum in the account would be sufficient to meet the fund for the expansion program. If not, find the difference in amounts for which the company should make some other arrangement after 5 years?

Structural Analysis
Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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Q.4 A company is planning to expand its business after 5 years from now. The expected money required for the expansion program is $50 000 000. The company can invest $5 000 000 at the end of every year for the next five years. If the assured rate of return of investment is 10% for the company, check whether the accumulated sum in the account would be sufficient to meet the fund for the expansion program. If not, find the difference in amounts for which the company should make some other arrangement after 5 years?
Transcribed Image Text:Q.4 A company is planning to expand its business after 5 years from now. The expected money required for the expansion program is $50 000 000. The company can invest $5 000 000 at the end of every year for the next five years. If the assured rate of return of investment is 10% for the company, check whether the accumulated sum in the account would be sufficient to meet the fund for the expansion program. If not, find the difference in amounts for which the company should make some other arrangement after 5 years?
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