Business: I m finding someone who is really good at debating debate on the topic... SDG16

I m finding someone who is really good at debating

holaadios222lol

01.03.2021

170.69

Explanation:

Given that,

Anticipated total cost (Future value) = $158.82 million

= $158,820,000

Saving per month = $590,000

Interest received on savings = 6 percent (compounded monthly)

Future value = $158,820,000

$saving\ amount\times\frac{(1+\frac{r}{12} )^{n-1} }{\frac{r}{12}}$

$590,000\times\frac{(1+\frac{0.06}{12} )^{n-1} }{\frac{0.06}{12}}$

$\frac{(1.005)^{n-1}}{0.005}=269.1864$

Therefore,

n = 170.69 months

Company have to wait before expanding its operations for 170.69 months.

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