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The table shows an annual deposit schedule in an account that accrues 5% annually. What's the present value of the deposits? End of Year Amount
The table shows an annual deposit schedule in an account that accrues 5% annually. What's the present value of the deposits?
| End of Year | Amount |
| 1 | 10,000 |
| 2 | 12,000 |
| 3 | 14,000 |
| 4 | 16,000 |
| 5 | 18,000 |
| 6 | 20,000 |
| 7 | 22,000 |
| 8 | 24,000 |
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The Economics Of Money Banking And Finance
Authors: Peter Howells, Keith Bain
4th Edition
0273710397, 978-0273710394
