Quarterly payments are made at the end of each quarter for 10 years into an account earning 8% effective annual interest. The first payment is 100 and subsequent payments increase by 2%. Find the accumulated value in the account at the time the last payment is made.

Amanufacturer has paid an engineering firm $200,000 to design a new plant, and it will cost another $2 million to build the plant. in the meantime, however, the manufacturer has learned of a foreign company that offers to build an equivalent plant for $2,100,000. what should the manufacturer do?