Who is planning to expand to new facilties in indiapolis

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Acceleron, Inc., is planning to expand to new facilties in Indiapolis. The company will make the move when its real estate sinking funds has a total value of $1.2 million. If the fund currently has $400,000 and the company adds $50,000 per year, how many years will it take for the account to reach the desired value, if it earns interest at a rate of 10% per year?

Reference no: EM13192300

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