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OOption (3) 2. The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2025. Weimer will make
OOption (3) 2. The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2025. Weimer will make annual deposits of $120,000 into a special bank account at the end of each of 10 years beginning December 31, 2016. Assuming that the bank account pays 6% interest compounded annually, what will be the fund balance after the last payment is made on December 31, 2025? Table or calculator function: Payment n 2 Future value: Prev2 of 4 Next > Ai 20 F7 FB
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