At the end of each year, an investor deposits some money into a fund earning 7%...

 

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At the end of each year, an investor deposits some money into a fund earning 7% interest. The same amount is deposited each year, and after six years the account contains $1600. The amount deposited each time is most nearly A sum of money is deposited into a fund at 5% interest. $400 is withdrawn at the end of each year for nine years, leaving nothing in the fund at the end. The amount originally deposited is most nearly At the end of each year, an investor deposits some money into a fund earning 7% interest. The same amount is deposited each year, and after six years the account contains $1600. The amount deposited each time is most nearly A sum of money is deposited into a fund at 5% interest. $400 is withdrawn at the end of each year for nine years, leaving nothing in the fund at the end. The amount originally deposited is most nearly

Answer rating: 100% (QA)

Lets solve these problems one at a time Part 1 Finding the amount deposited each year Calculate the ... View the full answer