Five annual deposits in the amounts of $10,000, $8,000, $6,000, $4,000, and $2,000, in that order, are

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Five annual deposits in the amounts of $10,000, $8,000, $6,000, $4,000, and $2,000, 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: 9780134105598

6th Edition

Authors: Chan Park

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Question Posted: Dec 19, 2022 06:10 AM

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Five annual deposits in the amounts of $10,000, $8,000, $6,000, $4,000, and $2,000, in that order, are

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Contemporary Engineering Economics

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