A company invests ($ 45,000) per year for five years at (12 %) annual interest. Compute the

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A company invests $\$ 45,000$ per year for five years at $12 \%$ annual interest. Compute the value of this annuity investment at the end of five years.

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Financial And Managerial Accounting

ISBN: 9781260728774

9th Edition

Authors: John J. Wild

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Question Posted: Jan 26, 2024 04:03 AM

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A company invests ($ 45,000) per year for five years at (12 %) annual interest. Compute the

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Step by Step Answer:

Future value 45000 times 63528 underline 285876 using FV of annuity factor from Table B 4 i12 n5 Data from Table B3 Periods 1 1 2 3 4 2 3 4 5 6 7 8 9 ...View the full answer

Financial And Managerial Accounting

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