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21-01-2024
Mathematics

Answered

Suppose you deposit $3,100 at the end of year 1, nothing at the end of year 2, $810 at the end of year 3, and $1,360 at the end of year 4. Assume that these amounts will be compounded at an annual rate of 11 percent. Required: How much will you have on deposit at the end of five years?

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