How much can company spend in given years

Reference no: EM132196744

Question: A company is saving for some new equipment. They plan to invest $24,740 per year starting the end of this year, and increasing the investment by 5.8% per year. If the interest rate is 5.8%, how much can they spend in 7 years? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132196744

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