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A small northern California consulting firm wants to start a recapitalization pool for replacement of network servers. If the company invests $11,000 at the end
A small northern California consulting firm wants to start a recapitalization pool for replacement of network servers. If the company invests $11,000 at the end of year 1 but decreases the amount invested by 5% each year, how much will be in the account 5 years from now? Interest is earned at a rate of 8% per year. Five years from now, the account will have
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