Question: 2. EX.09.13.ALGO Algorithmic) Present Value and Future Value Lloyd Inc. estimates that it will need $315,000 in 10 years to expand its manufacturing facilities. A

2. EX.09.13.ALGO Algorithmic) Present Value and Future Value Lloyd Inc. estimates that it will need $315,000 in 10 years to expand its manufacturing facilities. A bank has agreed to pay Lloyd 4% interest compounded annually if the company deposits the entire amount now needed accumulate $315,000 in 10 years. Use the appropriate present or future value table: FV of $1. PV of si, FV of Annuity of $1 and PV of Annuity of 1 Required: deposit now? Be sure to use all digits shown on the table and round your answer to a whole dollar, How much money does Lloyd need $
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