maufacturing company sold a piece of equipment 4 years ago to make space for more...
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Accounting
maufacturing company sold a piece of equipment 4 years ago to make space for more machinery. manufacturing company received the sales price of 50000 at the time of sale. Assuming the proceeds were invested at an interest rate of 6% per year compounded annually, what is the value of the sales proceeds and the interest they have earned today?
use tvm values. i got 63124 but it is wrong. please explain all work
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