Question: Six equal annual contributions are made to a fund, with the first deposit on December 31, 2007. Required Using the future value tables, determine the
Six equal annual contributions are made to a fund, with the first deposit on December 31, 2007.
Required
Using the future value tables, determine the equal contributions that, if invested at 10% compounded annually, will produce a fund of $30,000, assuming that this sum is desired on December 31, 2012.
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