In Problem 124, how much will be in the fund immediately after the thirtieth deposit if the
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In Problem 124, how much will be in the fund immediately after the thirtieth deposit if the fund pays 6 percent compounded annually and each successive deposit is 6 percent greater than the preceding deposit?
Data from problem 124
Suppose you make 30 annual investments in a fund that pays 5 percent compounded annually. If your first deposit is $7,500 and each successive deposit is 5 percent greater than the preceding deposit, how much will be in the fund immediately after the thirtieth deposit?
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Related Book For 
Principles Of Engineering Economic Analysis
ISBN: 9781118163832
6th Edition
Authors: John A. White, Kenneth E. Case, David B. Pratt
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