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Sheridan Corporation currently grows and sells fresh produce year-round in its homemade greenhouses. As the...

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Accounting

Sheridan Corporation currently grows and sells fresh produce year-round in its homemade greenhouses. As the business is growing, Sheridan hopes to significantly expand its number of greenhouses in 8 years. Sheridan has deposited $99,000 into an investment account that will earn a 8% annual rate of interest. Sheridan is also committed to depositing $10,800 into the same account at the end of each of the next 8 years.
(a)
Your answer is incorrect.
Using the FV function in Excel or a financial calculator, calculate how much Sheridan will have in its account at the end of 8 years. (Do not round intermediate calculations. Round final answer to 2 decimal places, e.g.458,581.25.
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