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Harlan Corporation deposits $300,000 every June...

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Accounting

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Harlan Corporation deposits $300,000 every June 30th and December 31st in a savings account (beginning in the current year) for the next two years so that it can purchase a new piece of machinery at the end of two years. The interest rate is 4%. How much money will Harlan Corporation have at the end of two years? Use the future value of an ordinary annuity factor table shown below to derive your answer Periods 2 1% 2% 3% 4% 2.01000 3.03010 4.121615,30914 63298 4.06040 5.10101 6.15202 2.02000 3.06040 4. 12161 5.20404 6.30812 2.03000 3.09090 4.18363 2.04000 3.12160 4.24646 5.41632 6.63298 6.46841 O A. $1,287,444 B. S606 ,000 O C. $303,000 O D. $1,236,483 Use the future value of an ordinary annuity factor table shown below to derive your answer Periods 1% 2% 3% 4% 2.01000 3.03010 4.06040 5.10101 6.15202 7 21354 8.28567 9.36853 10 46221 2 3 4 2.02000 3.06040 4. 12161 5.20404 6.30812 7.43428 8.58297 9.75463 10.94972 2.03000 3.09090 4.18363 5.30914 6.46841 766246 8.89234 10.15911 11.46388 2.04000 3.12160 4.24646 5.41632 6.63298 789829 9.21423 10.58280 12.00611 10 OA. $1.287 444 O B. $606,000 O C. $303,000 O D. $1.236,483

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