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The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2027. Weimer will make annual deposits of
The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2027. Weimer will make annual deposits of $190,000 into a special bank account at the end of each of 10 years beginning December 31, 2018 Assuming that the bank account pays 8% interest compounded annually, what will be the fund balance after the last payment is made on December 31, 2027? (Round your final answers to nearest whole dollar amount.) Show lessA Table or calculator function: Payment: Future value
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