Starr Company decides to establish a fund that it will use 4 years from now to replace an aging production facility. The company will make a $109,000 initial contribution to the fund and plans to make quarterly contributions of $52.000 beginning in three months. The fund earns 4%, compounded quarterly PV of $3 EV of SS PVA of SS, and EVA of 33 (Use appropriate factor(s) from the tables provided. Round your "Table Factor" to 4 decimal places and final answers to the nearest whole dollar) What will be the value of the fund 4 years from now? Present Value Future Value 1 109.000 S Intal Investment Periodic Investments 52.000 Future Value of Fund 1.1720 127,813
Starr Company decides to establish a fund that it will use 4 years from now to replace an aging production facility. The company will make a $109,000 initial contribution to the fund and plans to make quarterly contributions of $52.000 beginning in three months. The fund earns 4%, compounded quarterly PV of $3 EV of SS PVA of SS, and EVA of 33 (Use appropriate factor(s) from the tables provided. Round your "Table Factor" to 4 decimal places and final answers to the nearest whole dollar) What will be the value of the fund 4 years from now? Present Value Future Value 1 109.000 S Intal Investment Periodic Investments 52.000 Future Value of Fund 1.1720 127,813
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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