Current Attempt in Progress Crane Corp. management will invest $332,300, $617,750, $214,000, $819,700, $1,240,900, and $1,619,100 in research and development over the next six years. If the appropriate interest rate is 8.10 percent, what is the future value of these investments eight years from today? (Round answer to 2 decimal places, e.g. 15.25. Do not round factor values.) Future value $ 6,452,482.16 Save for Later Last saved 21 hours ago. Saved work will be auto-submitted on the due date. Auto-submission can take up to 10 minutes. Attempts: 0 of 1 used Submit Answer
Current Attempt in Progress Crane Corp. management will invest $332,300, $617,750, $214,000, $819,700, $1,240,900, and $1,619,100 in research and development over the next six years. If the appropriate interest rate is 8.10 percent, what is the future value of these investments eight years from today? (Round answer to 2 decimal places, e.g. 15.25. Do not round factor values.) Future value $ 6,452,482.16 Save for Later Last saved 21 hours ago. Saved work will be auto-submitted on the due date. Auto-submission can take up to 10 minutes. Attempts: 0 of 1 used Submit Answer
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 16P
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