Question: A company recently expanded their assembly operations at a cost of $ 4 2 0 , 0 0 0 . Management expects that the investment

A company recently expanded their assembly operations at a cost of $420,000. Management expects that the investment will grow at a rate of 14% 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 10% per year compounded annually.
Click here to view periods 1-25 of the present value of a dollar table. Click here to view periods 26-49 of the present value of a dollar table. Click here to view the compound interest table.
What is the future value of the investment?
(Round to the nearest cent as needed.)
A company recently expanded their assembly operations at a cost of

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