Starr Company decides to establish a fund that it will use 3 years from now to...
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Starr Company decides to establish a fund that it will use 3 years from now to replace an aging production facility. The company will make a $109,000 initial contribution to the fund and plans to make quarterly contributions of $48,000 beginning in three months. The fund earns 8%, compounded quarterly. (PV of $1. EV of $1. PVA of $1, and EVA of $1) Note: Use appropriate factor(s) from the tables provided. Round your "Table Factor" to 4 decimal places and final answers to the nearest whole dollar. What will be the value of the fund 3 years from now? Table Values are Based on: n Initial Investment Periodic Investments Future Value of Fund in Present Value Table Factor Future Value Starr Company decides to establish a fund that it will use 3 years from now to replace an aging production facility. The company will make a $109,000 initial contribution to the fund and plans to make quarterly contributions of $48,000 beginning in three months. The fund earns 8%, compounded quarterly. (PV of $1. EV of $1. PVA of $1, and EVA of $1) Note: Use appropriate factor(s) from the tables provided. Round your "Table Factor" to 4 decimal places and final answers to the nearest whole dollar. What will be the value of the fund 3 years from now? Table Values are Based on: n Initial Investment Periodic Investments Future Value of Fund in Present Value Table Factor Future Value
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