Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

Exercise 24

Summit Metals is planning to expand its Wichita, Kansas, manufacturing operation 5 years from now at a cost of $10,000,000. If the company plans to deposit money into an account each year for 4 years beginning 2 years from now (first deposit is in year 2) to pay for the expansion, the equation that represents the amount of the deposit at 9% per year interest is:
A) A = 10,000,000( A / F ,9%,5)
B) A = 10,000,000( A / F ,9%,4)
C) A = 10,000,000( A / P ,9%,4)
D) A = 10,000,000( A / F ,9%,4)( P / F ,9%,1)