A company that utilizes carbon fiber 3-D printing wants to have money available 2 years from now to add new equipment. The company currently has $650,000 in a capital account and it plans to deposit $200,000 now and another $200,000 one year from now. The total amount available in 2 years, provided it returns a compounded rate of 15% per year, is closest to: (a) $1,354,100 (b) $1,324,100 (c) $1,125,125 (d ) $1,050,000

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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A company that utilizes carbon fiber 3-D printing
wants to have money available 2 years from now to
add new equipment. The company currently has
$650,000 in a capital account and it plans to deposit
$200,000 now and another $200,000 one year
from now. The total amount available in 2 years,
provided it returns a compounded rate of 15% per
year, is closest to:
(a) $1,354,100
(b) $1,324,100
(c) $1,125,125
(d ) $1,050,000

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