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One year ago, JK Mfg . deposited $ 1 2 , 0 0 0 in an investment account for the purpose of buying new equipment
One year ago, JK Mfg deposited $ in an investment account for the purpose of buying new equipment four years from today. Today, it is adding another $ to this account. The company plans on making a final deposit of $ to the account one year from today. How much cash will be available when the company is ready to buy the equipment assuming an interest rate of percent?
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