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A company wishes to purchase equipment in the future that is expected to cost $72,000...

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Accounting

A company wishes to purchase equipment in the future that is expected to cost $72,000 at that time. The company places $10,000 into an investment account at the end of each period for 6 periods. If the account earns 9% each period, how much will the account have by the end of the sixth period and will there be enough to make the purchase? Round your final answers to nearest whole dollar amount.

Assume the same facts as above except the interest rate is 6%. How much will the account have by the end of the sixth period and will there be enough to make the purchase?

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