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Thermal Systems, a company that specializes in odor control for wastewater treatment plants, made deposits of $100,000 now $25,000 every 6 months for two years. Determine the future worth after 2 years of the deposits for i=16% per year, compound quarterly. The future worth after 2 years of the deposits for i=16% per year, compounded quarterly, (in $)

Thermal Systems, a company that specializes in odor control for wastewater treatment plants, made deposits of $100,000 now $25,000 every 6 months for two years. Determine the future worth after 2 years of the deposits for i=16% per year, compound quarterly. The future worth after 2 years of the deposits for i=16% per year, compounded quarterly, (in $)

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Thermal Systems, a company that specializes in odor control for wastewater treatment plants, made deposits of $100,000 now and $25,000 every 6 months for two years. Determine the future worth after 2 years of the deposits for i=16% per year, compounded quarterly. The future worth after 2 years of the deposits for i=16% per year, compounded quarterly, (in $) Round to the nearest two (2) decimal places Add your answer
Transcribed Image Text:Thermal Systems, a company that specializes in odor control for wastewater treatment plants, made deposits of $100,000 now and $25,000 every 6 months for two years. Determine the future worth after 2 years of the deposits for i=16% per year, compounded quarterly. The future worth after 2 years of the deposits for i=16% per year, compounded quarterly, (in $) Round to the nearest two (2) decimal places Add your answer
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