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McDonald's major distribution partner, The Martin-Brower Company, needs at least $1 million to build a...

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Accounting

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McDonald's major distribution partner, The Martin-Brower Company, needs at least $1 million to build a new warehouse in Medicine Hat 2 years from today. To date, it has invested $480,000.00. If it continues to invest $45,000.00 at the end of every quarter into a fund earning 5% quarterty, will it have enough money to build the warehouse 2 years from now? How much money will have? and its $45,000.00 deposits will have grown to for a total of Thus, it The Martin-Brower Company's $480,000.00 will have grown to ? have enough money 2 years from now

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