Future value of an Annuity McDonald's major distribution

Last updated: 7/17/2022

Future value of an Annuity McDonald's major distribution partner, The Martin-Brower Company, needs at least $1 million to build a new warehouse in Medicine Hat 2 years from today. To date, it has invested $490,000.00. If it continues to invest $55,000.00 at the end of every quarter into a fund earning 5% quarterly, will it have enough money to build the warehouse 2 years from now? How much money will it have? The Martin-Brower Company's $490,000.00 will have grown to and its $55,000.00 deposits will have grown to for a total of . Thus, it have enough money 2 years from now.