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Score: 0 of 1 pt 19 of 30 (11 complete) HW Score: 29.44%, 8.83 of 30 pts P5-43 (similar to) Question Help Deposits to accumulate
Score: 0 of 1 pt 19 of 30 (11 complete) HW Score: 29.44%, 8.83 of 30 pts P5-43 (similar to) Question Help Deposits to accumulate future sums For the case shown in the following table, determine the amount of the equal, end-of-year deposits necessary to accumulate the given sum at the end of the specified period, assuming the stated annual interest rate. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Sum to be accumulated $ 101,000 Accumulation period (years) 18 Interest rate 11% The amount of the end-of-year annual deposit is $ . (Round to the nearest cent.)
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