Metso Automation, which manufactures addressable quarter-turn electric actuators, is planning to set aside $100,000 now and $150,000
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Metso Automation, which manufactures addressable quarter-turn electric actuators, is planning to set aside $100,000 now and $150,000 one year from now for possible replacement of the heating and cooling systems in three of its larger manufacturing plants. If the replacement won't be needed for 4 years, how much will the company have in the account, if it earns interest at a rate of 8% per year?
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Given N 4 years P 0 100000 P 1 15...View the full answer
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Utkarsh Bansal
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