How much amount available when ready to purchase equipment


One year ago, Jenkins Family Fun Center deposited $3,600 in the investment account for purpose of purchasing new equipment 4 years from today. Today, they are adding another $5,400 to the account. They plan on making the final deposit of $7,600 to account next year. How much will be available when they are ready to purchase equipment, suppose they earn 8% rate of return?

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Mathematics: How much amount available when ready to purchase equipment
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