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What will be the value of the fund ten years from now

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Reference no: EM132556192

Question 1: Starr Company decides to establish a fund that it will use 10 years from now to replace an aging production facility. The company will make a $100,000 initial contribution to the fund and plans to make quarterly contributions of $50,000 beginning in three months. The fund earns 12%, compounded quarterly. What will be the value of the fund 10 years from now?

Reference no: EM132556192

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