Kelly Reading invests $5,146.12 now for a series of $1,000 annual returns beginning one year from now.

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Kelly Reading invests $5,146.12 now for a series of $1,000 annual returns beginning one year from now. Kelly will earn a return of 11% on the initial investment. How many annual payments of $1,000 will Kelly receive?

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Accounting Tools for Business Decision Making

ISBN: 978-1118128169

5th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Apr 07, 2014 11:24 AM

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Kelly Reading invests $5,146.12 now for a series of $1,000 annual returns beginning one year from now.

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Accounting Tools for Business Decision Making

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