McDonald's major distribution partner, The Martin-Brower Company, needs at least $1 million to build a new warehouse in Medicine

Question

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 $480,000.00. If it continues to invest $45,000.00 at the end of every quarter into a fund earning 6% 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 $480,000.00 will have grown to
have enough money 2 years from now.
and its $45,000.00 deposits will have grown to
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for a total of
Thus, it ?

Kunduz · Accepted Answer

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