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6.
A company is planning to expand its business in a few years. New plant construction costs are estimated to be $4.75 per
square foot. The company invests $850,000 today at 6% compounded quarterly.
a. How many square feet could be built in 3 ½ years? Round to the nearest whole square foot
b. If the company waits for a total of five years, the construction costs increase to $5.10 per square foot.
How many square feet could they build if they waited a total of five years? Round to the nearest whole square foot

Sagot :

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