Acme Corp. plans to expand its relationship with a soft drink manufacturer to make Acme ready- to- drink coffee beverages available in Asia. The company wants to set aside $50 million now in its investment fund for the possible expansion 6 years from now. How much will the company have in its investment account at the end of year 6, if the company earns a rate of return of 8% per year?

Question

Quizplus · Accepted Answer

The Answer of Acme Corp. plans to expand its relationship with a soft drink manufacturer to make Acme ready- to- drink coffee beverages available in Asia. The company wants to set aside $50 million now in its investment fund for the possible expansion 6 years from now. How much will the company have in its investment account at the end of year 6, if the company earns a rate of return of 8% per year?

Acme Corp Plans to Expand Its Relationship with a Soft Drink