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Business, 20.07.2021 03:20 carolynhstevens

ou would like to have ​$ in years. To accumulate this amount you plan to deposit each year an equal sum in the​ bank, which will earn percent interest compounded annually. Your first payment will be made at the end of the year. a. How much must you deposit annually to accumulate this​ amount? b. If you decide to make a large​ lump-sum deposit today instead of the annual​ deposits, how large should this​ lump-sum deposit​ be? (Assume you can earn percent on this​ deposit.) c. At the end of years you will receive ​$ and deposit this in the bank toward your goal of ​$ at the end of years. In addition to this​ deposit, how much must you deposit in equal ann

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