How much will company have in its investment set-aside

Reference no: EM13189111

Identify the four engineering economy symbols and their values from the following problem statement. Use a question mark with the symbol whose value is to be determined.
Thompson Mechanical Product is planning to set aside $150,000 now for possibly replacing its large synchronous refiner motors whenever it becomes necessary. If the replacement is not needed for 7 years, how much will the company have in its investment set-aside account, provided it achieves a rate of return of 11% per year?

Reference no: EM13189111

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