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A company wants to accumulate a sum of money to repay certain debts due in the future. The company will make annual deposits of $
A company wants to accumulate a sum of money to repay certain debts due in the future. The company will make annual deposits of $ into a special bank account at the end of each of years. Assuming the bank account pays interest compounded annually, what will be the fund balance after the last payment is made in ten years?
Note: Round your final answers to nearest whole dollar amount.
tableTable Excel, or calculator function:,Payment:Future value:,
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