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A savings plan makes annual deposits of $4,170 each at the end of the first 2 years, followed by 6 end-of-the-year deposits of $4,920
A savings plan makes annual deposits of $4,170 each at the end of the first 2 years, followed by 6 end-of-the-year deposits of $4,920 each. The annual rate of return is 6.60%. What is the amount that will have been saved when the final deposit is made?
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
9780132738729, 136119468, 132738724, 978-0136119463
