Blossom Company has decided to begin accumulating a fund for plant expansion. The company deposited $82,000...

  

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Blossom Company has decided to begin accumulating a fund for plant expansion. The company deposited $82,000 in a fund on January 2,2018. Blossom will also deposit $50,500 annually at the end of each year, starting in 2018. The fund pays interest at 7% compounded annually. What is the balance of the fund at the end of 2022 (after the 2022 deposit)? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, eg. 52.75.) Fund balance $ Blossom Company has decided to begin accumulating a fund for plant expansion. The company deposited $82,000 in a fund on January 2,2018. Blossom will also deposit $50,500 annually at the end of each year, starting in 2018. The fund pays interest at 7% compounded annually. What is the balance of the fund at the end of 2022 (after the 2022 deposit)? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, eg. 52.75.) Fund balance $

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