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Business, 25.02.2020 22:31 Babycute8279

Hydrex Mechanical Products plans to set aside $160,000 now for possibly replacing its large synchronous refiner motors whenever it becomes necessary. The replacement is expected to take place in 3-12 years. Determine how much the company will have in its investment set-aside account if it achieves a rate of return of 16% per year compounded quarterly. Find the amount in two different ways using each of the following: (a) tabulated factor.

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