A deposit of ($ 800) is planned for the end of each year into an account paying

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A deposit of \(\$ 800\) is planned for the end of each year into an account paying 8 percent/year compounded annually. The deposits were not made for the tenth and eleventh years. All other deposits were made as planned. What amount will be in the account after the deposit at the end of year 25 ?

a. \(\$ 55.397\)

b. \(\$ 55,397\)

c. \(\$ 59,537\)

d. \(\$ 53,597\)

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Related Book For  answer-question

Principles Of Engineering Economic Analysis

ISBN: 9781118163832

6th Edition

Authors: John A. White, Kenneth E. Case, David B. Pratt

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