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How would I solve this problem without using the tables? I have to only use the information provided in the question. Mamma Mia Company needs
How would I solve this problem without using the tables? I have to only use the information provided in the question.
Mamma Mia Company needs to accumulate sufficient funds to pay a $360200 debt that comes due on December 31, 2021. The company will accumulate the funds by making five equal annual deposits to an account paying 8% interest compounded annually. Determine the required annual deposit if the first deposit is made on December 31, 2017Step by Step Solution
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