Question: Deposits to accumulate future sums For each case shown in the following table, determine the amount of the equal, end-of-year deposits necessary to accumulate the

Deposits to accumulate future sums

For each case shown in the following table, determine the amount of the equal, end-of-year deposits necessary to accumulate the given sum at the end of the specified period, assuming the stated annual interest rate.

Case Sum to be accumulated Accumulation period (years) Interest rate

A $ 5,000 3 12%

B 100,000 20 7

C 30,000 8 10

D 15,000 1 28

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