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How much money will you be getting at the end of the year

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Question - You are the Financial Manager for The Metal Forming Company, and you are planning to upgrade your company's equipment 10 years from now. In order to achieve your goal, you are going to invest at the end of each year $10,000, from the retained earnings, in Mutual Fund with an average interest rate of 11 percent per year. How much money will you be getting at the end of the 10th year?

Reference no: EM133149731

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