=+P518 Calculating deposit needed Peter put 6,000 in an account earning 4% annually. After 4 years, he

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=+P5–18 Calculating deposit needed Peter put £6,000 in an account earning 4% annually.

After 4 years, he made another deposit into the same account. At the end of 6 years, the account balance is £13,000. What was the amount deposited at the end of year 4?

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Principles Of Managerial Finance

ISBN: 9781292261515

15th Global Edition

Authors: Chad J. Zutter, Scott Smart

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