Question: A material supplier won a 6 6 - year contract to supply a construction company with all their building materials needs. The contract is expected
A material supplier won a year contract to supply a construction company with all their building materials needs. The contract is expected to generate a firstyear profit of$ comma This annual profit is expected to increase by $ comma each successive year for the rest of the contract period. The profits will be invested in an account earning an interest rate of per year.a Assuming that the profits are deposited in the account at the end of each year, how much money will be in the account immediately after the last deposit is made?b What is the equivalent uniform annual deposit?
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