One year ago, JK Mfg. deposited $20,500 in an investment account for the purpose of...
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One year ago, JK Mfg. deposited $20,500 in an investment account for the purpose of buying new equipment four years from today. Today, it is adding another $15,000 to this account. The company plans on making another deposit of $10,000 to the account one year from today, $3,000 to the account two years from today, and a final deposit of $8,000 to the account three years from today. How much will be available when it is ready to buy the equipment, assuming the account pays 3.5 interest? (Please use the CF key on financial calculator to solve this question) $53,408 $64,141 $63,218 $52,648 $39,794
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