Environmental recovery company RexChem Part- ners plans to finance a site reclamation project that will...

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Accounting

Environmental recovery company RexChem Part- ners plans to finance a site reclamation project that will require a 4-year cleanup period. If the com- pany borrows $4.1 million now, how much will the company have to get at the end of each year in order to earn 15% per year, compounded quarterly on its investment? Additionally, what is the spread- sheet function?

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