Five annual deposits in the amounts of $7,500. $6,000, $4,500, $3,000, and $1,500, in that order, are

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Five annual deposits in the amounts of $7,500. $6,000, $4,500, $3,000, and $1,500, in that order, are made into a fund that pays interest at a rate of 8% compounded annually. Determine the amount in the fund immediately after the fifth deposit.

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Contemporary Engineering Economics

ISBN: 978-0136118480

5th edition

Authors: Chan S. Park

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Question Posted: Apr 21, 2016 06:33 AM

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Five annual deposits in the amounts of $7,500. $6,000, $4,500, $3,000, and $1,500, in that order, are

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F 7 500 F A 8 5 1 5...View the full answer

Contemporary Engineering Economics

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