Question: Does someone know how to do this problem? Will rate a thumb up for good response thanks so much! 7. Your firm will need to

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7. Your firm will need to replace its remote back-up data storage facility in ten (10) years. Beginning in 2022 (one year from now), the firm will invest a portion of its annual operating cash flow in a bond fund at 3.5 % p.a. The initial year investment in the fund will be $200,000. However, the firm will increase this investment by 3% in each susequent year. What amount will have accumulated in the bond fund by the end of the tenth year

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