Profits generated by a Machine Prime Inc. were 100 M for the first year and increased by 10 M each year. If the profits for five years of operation were invested to Human Robotics Alliance and generate a 12% rate of return, how much money had accumulated at the end of the fifth year? O P866.24 Million O P613.35 Million O P721.02 Million O P748.02 Million

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter19: Capital Investment
Section: Chapter Questions
Problem 19E
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Profits generated by a Machine Prime Inc. were 100 M for the first year and
increased by 1O M each year. If the profits for five years of operation were
invested to Human Robotics Alliance and generate a 12% rate of return, how
much money had accumulated at the end of the fifth year?
P866.24 Million
P613.35 Million
P721.02 Million
O P748.02 Million
Transcribed Image Text:Profits generated by a Machine Prime Inc. were 100 M for the first year and increased by 1O M each year. If the profits for five years of operation were invested to Human Robotics Alliance and generate a 12% rate of return, how much money had accumulated at the end of the fifth year? P866.24 Million P613.35 Million P721.02 Million O P748.02 Million
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