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On January 1, 2015, Canden Company started to make annual deposits in order to accumulate $1,500,000 by January 1, 2019. This fund will earn annual
On January 1, 2015, Canden Company started to make annual deposits in order to accumulate $1,500,000 by January 1, 2019. This fund will earn annual interest of 8%. Quenstion: What are the four annual deposits that Canden should make at the beginning of each year. Be sure to use the time value of money table and round your answers to the nearest whole dollar.
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