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Business, 01.03.2021 22:10 LikeIke2859

Use the following 8% interest factors. Present Value of Ordinary Annuity Future Value of Ordinary Annuity 7 periods 5.2064 8.92280 8 periods 5.7466 10.63663 9 periods 6.2469 12.48756 What will be the balance on September 1, 2027 in a fund which is accumulated by making $24000 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. Required:
What is the required amount of each deposit?

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