The relationship between the present value of a future sum and the future value of a present sum can be expressed in terms of their respective interest factors. if the present value of $200,000 due at the end of 8 years, at 10%, is $93,300, what is the approximate future value of $200,000 invested for the same length of time and at the same rate?

Krier industries has just completed its sales forecasts and its marketing department estimates that the company will sell 43,800 units during the upcoming year. in the past, management has maintained inventories of finished goods at approximately 3 months' sales. however, the estimated inventory at the start of the year of the budget period is only 7,300 units. sales occur evenly throughout the year. what is the estimated production level (units) for the first month of the upcoming budget year?