FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:What will be the balance on September 1,
2027 in a fund which is accumulated by
making $30,000 annual deposits each
September 1 beginning in 2020, with the
last deposit being made on September 1,
2027? The fund pays interest at 8%
compounded annually.
Example of Answer: 4000 (No comma,
space, decimal point, or $ sign) Round:
2.31 = 2; 2.65=3
A
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