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Answer each of the independent problems (show computations): Company A deposited $20,000 in a savings account on January 1, 2013, that will accumulate 6% interest

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Answer each of the independent problems (show computations): Company A deposited $20,000 in a savings account on January 1, 2013, that will accumulate 6% interest each December 31. What will be the savings balance as of December 31, 2017? How much interest will be earned as of December 31, 2017? Company B needs to accumulate a $50,000 fund by making five equal annual deposits. Assuming a 7% interest accumulation, how much must be deposited at the end of each year

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