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Candle maker Corporation wants to accumulate a fund to replace its equipment in 5 years

(a). Candle maker Corporation wants to accumulate a fund to replace its equipment in 5 years. If it invests $200,000 today at 7%, what amount will it have in 5 years?

(b). If Candle maker invests $40,000 per year (instead of the$200,000 today), what amount will it have in 5 years?

May 01 2018 Read more Less More

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