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You currently have $4,000 that you want to invest so that in some years to...

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Finance

You currently have $4,000 that you want to invest so that in some years to come, you would like to purchase a new computerized system for your new private business costing $16,904. You do not want to take a loan given that you need all the leverage to raise cash for current assets. Assuming you could earn a 14% return on your investment annually, answer the following:

A. Is this a lump sum problem or an annuity-type cash flow critical thinking model? WHY?

B. Describe and show the process you are using.

C. In how many years and month will you take to achieve your future value objective

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