Relationship with a soft drink manufacturer

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Acme Corp. plans to expand its relationship with a soft drink manufacturer to make Acme ready-to-drink coffee beverages available in Asia. The company wants to set aside $50 million now in its investment fund for the possible expansion 6 years from now. How much will the company have in its investment account at the end of year 6, if the company earns a rate of return of 8% per year?

Reference no: EM13735647

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