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Exercise B-17(Algo) Future value of an amount plus an annuity LO P2, P4 ...

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Accounting

Exercise B-17(Algo) Future value of an amount plus an annuity LO P2, P4
Starr Company decides to establish a fund that it will use 2 years from now to replace an aging production facility. The company will
make a $93,000 initial contribution to the fund and plans to make quarterly contributions of $42,000 beginning in three months. The
fund earns 4%, compounded quarterly. (PV of $1, FV of $1, PVA of $1, and FVA of $1)
Note: Use appropriate factor(s) from the tables provided. Round your "Table Factor" to 4 decimal places and final answers to the
nearest whole dollar.
What will be the value of the fund 2 years from now?
Answer is complete but not entirely correct.
Table Values are Based on:
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