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Ezgi studies 6-year medicine program at a community college. In the beginning of her first year her tuition fee is $10,000 and it is
Ezgi studies 6-year medicine program at a community college. In the beginning of her first year her tuition fee is $10,000 and it is expected increase $1,000 per year over the remaining 5 years. Suppose her family wants to open a savings account that earns 7.5% annual interest. How much should her family deposit in the beginning of the first year to cover up all tuition fee expenses?
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Accounting for Decision Making and Control
Authors: Jerold Zimmerman
8th edition
78025745, 978-0078025747
