Five annual deposits in the amounts of $5,000, $4,500, $4,000, $3,500, and $3,000 are made into a

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Five annual deposits in the amounts of $5,000, $4,500, $4,000, $3,500, and $3,000 are made into a fund that pays interest at a rate of 10% compounded annually. Determine the amount in the fund immediately after the fifth deposit.

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Fundamentals of Engineering Economics

ISBN: 978-0132775427

3rd edition

Authors: Chan S. Park

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Question Posted: Nov 12, 2018 10:28 AM

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Five annual deposits in the amounts of $5,000, $4,500, $4,000, $3,500, and $3,000 are made into a

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Fundamentals of Engineering Economics

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