Adams Inc. will deposit $55,100 in a 10% fund at the end of each year for 8 years beginning December 31, 2025. Click here to view factor tables. What amount will be in the fund immediately after the last deposit? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) Amount in fund

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
ChapterM: Time Value Of Money Module
Section: Chapter Questions
Problem 10RE: If 90,000 is invested in a fund on December 31, 2019, and 5 equal annual withdrawals of 23,138.32...
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Adams Inc. will deposit $55,100 in a 10% fund at the end of each year for 8 years beginning December
31, 2025.
Click here to view factor tables.
What amount will be in the fund immediately after the last deposit? (Round factor values to 5
decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
Amount in fund
$
Transcribed Image Text:Adams Inc. will deposit $55,100 in a 10% fund at the end of each year for 8 years beginning December 31, 2025. Click here to view factor tables. What amount will be in the fund immediately after the last deposit? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Amount in fund $
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