
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
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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