Suppose you make 30 annual investments in a fund that pays 5 percent compounded annually. If your

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Suppose you make 30 annual investments in a fund that pays 5 percent compounded annually. If your first deposit is $7,500 and each successive deposit is 5 percent greater than the preceding deposit, how much will be in the fund immediately after the thirtieth deposit?

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Principles Of Engineering Economic Analysis

ISBN: 9781118163832

6th Edition

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

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