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Deposits to accumulate future sums For the case shown in the following table determine the amount of the equal annual endofyear deposits necessary to accumulate the given sum at the end of

Deposits to accumulate future sums For the case shown in the following? table,

determine the amount of the? equal, annual,? end-of-year deposits necessary to accumulate the given sum at the end of the specified? period, assuming the stated annual interest rate. ?(Click on the icon located on the? top-right corner of the data table below in order to copy its contents into a? spreadsheet.)

Sum to be

accumulated

Accumulation

period? (years)

Interest rate

 

?$38 ,300        7yrs      12%

?%

the amount of the? end-of-year annual deposit is $________.

?(Round to the nearest? cent.)

 

Apr 09 2020 View more View Less

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