What lump-sum amount should the company invest

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Problem - Fraser Company will need a new warehouse in three years. The warehouse will cost $350,000 to build. Use Excel or a ?nancial calculator to solve. Round answers to the nearest dollar.

Required -

1. What lump-sum amount should the company invest now to have the $350,000 available at the end of the three-year period? Assume that the company can invest money at seven percent.

2. What lump-sum amount should the company invest now to have the $350,000 available at the end of the three-year period? Assume that the company can invest money at ten percent.

Reference no: EM132906350

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