As the owner of a vinyl fencing company, you are making plans for two large purchases in the next 3 to 5 years to achieve your business goals Purchase 1 You plan to expand your vinyl fence company in the future, and must purchase a new warehouse facility to achieve this goal Your insurance company is offering you two very attractive investment options, an ordinary annuity and an annuity due, both compounding quarterly and paying 8 annual interest over a 5 year period Your 5 year budget includes saving $2,000 00 each quarter To evaluate which option will benefit the business most, you must evaluate both annuity options by calculating the future value of each option and explain how the investment will help you to carry out your goals

Question: As the owner of a vinyl fencing company, you are making plans for two large purchases in the next 3 to 5 years to achieve

As the owner of a vinyl fencing company, you are making plans for two large purchases in the next 3 to 5 years to achieve your business goals.
Purchase 1:
You plan to expand your vinyl fence company in the future, and must purchase a new warehouse facility to achieve this goal. Your insurance company is offering you two very attractive investment options, an ordinary and an due, both quarterly and paying 8% annual interest over a 5-year period. Your 5-year budget includes saving $2,000.00 each quarter. To evaluate which option will benefit the business most, you must evaluate both options by calculating the of each option and explain how the investment will help you to carry out your goals.

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