You are the newly hired Administrator for an outpatient clinic. You estimate that the clinic will need about $800,000 to add a new wing in 5 years. The board informed you that the clinic currently has $350,000 in a saving account, for that project. Assuming, you could invest this money at 15% annual interest. 

Would you have enough to meet your goal? if not, how much would you need to complete the project?

Answer rating: 100% (QA)

To determine whether there will be enough money to meet the goal of 800000 in 5 years we can use th... View the full answer