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Please show work You are renting a storage warehouse for 6 years. The rent is $6,000 per year payable at the beginning of each year.
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You are renting a storage warehouse for 6 years. The rent is $6,000 per year payable at the beginning of each year. You want to set aside the money necessary to meet these payments. If the money you deposit in the payment account earns 9% compounded annually, how much do you have to deposit in the account?
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