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A company plans to make four annual deposits of $ 2 0 0 , 0 0 0 each to a special building fund. The fund's
A company plans to make four annual deposits of $ each to a special building fund. The fund's assets will
be invested in mortgage instruments expected to pay interest at on the fund's balance. Determine how much
will be accumulated in the fund after four years under each of the following situations:
The $ annual deposits are made at the end of each of the four years and interest is compounded
annually.
The $ annual deposits are made at the beginning of each of the four years and interest is compounded
annually.
The $ annual deposits are made at the beginning of each of the four years and interest is compounded
quarterly.
The $ annual deposits are made at the beginning of each of the four years interest is compounded
annually, and interest earned is withdrawn at the end of each year.
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