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CFDs are required. No hand drawings; Use any computer drawing Software. Type the equations of solutions and place answers within the space of below problems!

image text in transcribedCFDs are required. No hand drawings; Use any computer drawing Software. Type the equations of solutions and place answers within the space of below problems!

Problem 15. A company that manufactures hydrogen sulfide monitors is planning to make deposits such that each one is 5% larger than the preceding one. How large must the first deposit be (at the end of year 1) if the deposits extend through year 10 and the fourth deposit is $1250? Use an interest rate of 11% per year. Equations &Answer: CFD

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