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Acme plans to construct a new manufacturing facility in 14 years if acme estimates that today's cost of the new plant is 312822611 and annual inflation is 3. how much will the plan cost in 14 years?
Wiki User
∙ 15y ago
Future Value = Present Value * (1 + rate) ^ T time period of rate FV= 312822611 *1.03^14 FV = $473172267.10 in 14 years at 3% inflation the factory will cost precisely $473,172,267.10 yours courtesy of the Atkinson Graduate School of Management Choice of Professionals Except no Substitutions
Wiki User
∙ 15y ago
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