How much will the company have on deposit

Reference no: EM132826631

Question - Shanghai electric power (CHN) deposited $250 million in an escrow account with industrial and commercial bank of China (CHN) at the beginning of 2015 as a commitment toward a power plant to completed December 31, 2018. How much will the company have on deposit at the end 4 years if interest is 10%.compound semiannually?

Reference no: EM132826631

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How much will the company have on deposit : Shanghai electric power (CHN) deposited $250 million in an escrow account. How much will the company have on deposit at the end 4 years

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