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Question 9 One year ago, Lou Marshall, Inc. deposited $ 1 2 , 6 6 0 in an investment account for the purpose of buying

Question 9
One year ago, Lou Marshall, Inc. deposited $12,660 in an investment account for the purpose
of buying new equipment five years from today. Today, it is adding another $14,725 to this
account. The company plans on making a final deposit of $11,711 to the account one year
from today. How much will be available when it is ready to buy the equipment, assuming the
company earns 12.42% APR on its invested funds? Choose the closest amount.
$55,943.56
$70,202.72
$62,891.76
$79,484.21
$70,702.91
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