Question: ***solve in Excel, showing cell references 3. One year ago, JK Mfg. deposited $12,000 in an investment account for the purpose of buying new equipment
3. One year ago, JK Mfg. deposited $12,000 in an investment account for the purpose of buying new equipment four years from today. Today, it is adding another $15,000 to this account. The company plans on making a final deposit of $10,000 to the account one year from today. How much cash will be available when the company is ready to buy the eqoipment assuming an interest rate of 5.5 percent
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