Starr Company decides to establish a fund that it will use 4 years from now to replace an aging production facility. The company willmake a $109,000 initial contribution to the fund and plans to make quarterly contributions of $52.000 beginning in three months. Thefund earns 4%, compounded quarterly (PV of $1 EV of $1. PVA of S1, and EVA of 5) (Use appropriate factor(s) from the tablesprovided. Round your "Table Factor" to 4 decimal places and final answers to the nearest whole dollar)What will be the value of the fund 4 years from now?Table Values are Based on1%Present ValueFuture Value$100.000SInitial investmentPeriodic Investments52.000Future Value of FundTable Factor1.1726127,813

Starr Company decides to establish a fund that it will use 4 years from now to replace an aging production facility. The company will make a $109,000 initial contribution to the fund and plans to make quarterly contributions of $52.000 beginning in three months. The fund earns 4%, compounded quarterly PV of $3 EV of SS PVA of SS, and EVA of 33 (Use appropriate factor(s) from the tables provided. Round your "Table Factor" to 4 decimal places and final answers to the nearest whole dollar) What will be the value of the fund 4 years from now? Present Value Future Value 1 109.000 S Intal Investment Periodic Investments 52.000 Future Value of Fund 1.1720 127,813

Starr Company decides to establish a fund that it will use 4 years from now to replace an aging production facility. The company will make a $109,000 initial contribution to the fund and plans to make quarterly contributions of $52.000 beginning in three months. The fund earns 4%, compounded quarterly PV of $3 EV of SS PVA of SS, and EVA of 33 (Use appropriate factor(s) from the tables provided. Round your "Table Factor" to 4 decimal places and final answers to the nearest whole dollar) What will be the value of the fund 4 years from now? Present Value Future Value 1 109.000 S Intal Investment Periodic Investments 52.000 Future Value of Fund 1.1720 127,813

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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