Partners plans to finance site reclamation project

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Environmental recovery company RexChem Partners plans to finance a site reclamation project that will require a 4- year cleanup period. The company plans to borrow $3. million now. How much will the company have to get in a lump-sum payment when the project is over in order to earn 24% per year, compounded quarterly, on its investment?

Reference no: EM131265962

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