Five annual depostis in the amounts of 3000 2500 2000 1500


Five annual depostis in the amounts of $3,000, $2,500, $2,000, $1,500 and $1,000 in that order, are made into a fund that pays interest at a rate of 7% compounded annually. Determine the amount in the fund immediately after the fifth deposit.

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Business Economics: Five annual depostis in the amounts of 3000 2500 2000 1500
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