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On March 15, Year 1, Ashe Corp adopted a plan to accumulate $1,000,000 by September 1, year 5. Ash plans to make four equal annual
On March 15, Year 1, Ashe Corp adopted a plan to accumulate $1,000,000 by September 1, year 5. Ash plans to make four equal annual deposits to a fund that will earn interest at 10% annually. Ashe made the first deposit on September 1, Year 1. Factors for 5 periods at 10% interest are as follows
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