How much must the annual deposit be, Accounting Basics

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How much must the annual deposit be

On the day a baby was born his father decided to establish a fund for his college education by depositing a certain amount on each of his birthdays from the first through the 16th so that he can withdraw $2,000 on his 18th, 19th 20th and 21st birthday. If the fund earns 10% per year how much must the annual deposit be?

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Accounting Basics: How much must the annual deposit be

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Accounting Basics: How much must the annual deposit be

Reference No:- TGS0721573

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : How much can a private developer afford to spend

Q : What property of a wave determines its color

Q : Compute the median-mode and mean

Q : Determine how the charges are distributed

Q : How much must the annual deposit be

Q : Electric field when charge is distributed uniformly

Q : Who had paid in the previous month for the services

Q : Electric field at all points in space in the slab

Q : Calculate fraction of the water that condenses

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How much must the annual deposit be

Reference No:- TGS0721573

Recent Questions Asked Accounting Basics

Q : How much can a private developer afford to spend

Q : What property of a wave determines its color

Q : Compute the median-mode and mean

Q : Determine how the charges are distributed

Q : How much must the annual deposit be

Q : Electric field when charge is distributed uniformly

Q : Who had paid in the previous month for the services

Q : Electric field at all points in space in the slab

Q : Calculate fraction of the water that condenses

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