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One year ago, the Jenkins Family Fun Center deposited $3,500 into an investment account for the purpose of buying new equipment four years from today.
One year ago, the Jenkins Family Fun Center deposited $3,500 into an investment account for the purpose of buying new equipment four years from today. Today, they are adding another $5,300 to this account. They plan on making a final deposit of $7,500 to the account next year. How much will be available when they are ready to buy the equipment, assuming they earn a rate of return of 7 percent? Skipped Multiple Choice eBook $18 466 04 $19 904 20 $19.759.72 $20,429.69 Solve it with help of financial calculator
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