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Calcluate compounded quarterly on investment

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Reference no: EM133203248

Soil cleaning company Chemdex Partners plans to ?nance a site reclamation project that will require a 5-year cleanup period. If the company borrows $2.3 million now, how much will the company have to receive in a lump sum payment when the project is over in order to earn 20% per year compounded quarterly on its investment?

Reference no: EM133203248

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