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On January 1 of the current year, Southwest Inc. adopts a plan to accumulate funds for environmental improvements to occur 4 . 5 years in
On January of the current year, Southwest Inc. adopts a plan to accumulate funds for environmental improvements to occur years in the future, at an estimated cost of $ Southwest plans to make four equal annual deposits in a fund that earns interest at compounded annually. The first deposit is made on July of the current year. Compute the amount of the annual deposit.
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