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On January 1, 2025, Sunland Company decided to begin accumulating a fund for asset replacement five years later. The company plans to make five annual

On January 1, 2025, Sunland Company decided to begin accumulating a fund for asset replacement five years later. The company plans to make five annual deposits of $57000 at 10% each January 1 , beginning in 2025 . What will be the balance in the fund, on January 1 , 2030 (one year after the last deposit)? The following 10% interest factors may be used. $347991 $382790 $313500 $285000

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