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A chip manufacturing company wants to have $10 million available five years from now in order to build new warehouse and ship
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Answer #1

answer

16,38,000

Explanation:

FV=A ((1+r)^n -1)/r

1,00,00,000 = a((1+0.10)^5-1)/0.10

1,00,00,000= A(6.1051)

1,00,00,000/6.1051= A

A=1637974

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