Question: Computing Future Value of Annuity Deposits-With and Without Deferred Payment Fargo Inc. decides to accumulate a debt retirement fund by making ten equal annual

Computing Future Value of Annuity Deposits-With and Without Deferred Payment Fargo Inc.

Computing Future Value of Annuity Deposits-With and Without Deferred Payment Fargo Inc. decides to accumulate a debt retirement fund by making ten equal annual deposits of $15,000 at the end of the next ten years. Assume the fund accumulates annual compound interest at 7% per year, which is added to the fund balance. Answer the two questions that follow. Round your answer to the nearest whole number. Do not use a negative sign with your answer. a What is the balance in the fund immediately after the last deposit? $ 0 b. What is the balance in the fund after the last deposit assuming that the first payment is deferred for 3 years? $ 0 Previous Save Answers

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