Question: A company recently expanded their assembly operations at a cost of $470,000. Management expects that the investment will grow at a rate of 12% per

A company recently expanded their assembly operations at a cost of $470,000. Management expects that the investment will grow at a rate of 12% per year compounded annually for the next 5 years. Find the future value of the investment. Then find the present value of that amount at a rate of 6% per year compounded annually.

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