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E 5-12 Future value; annuities [ LO5-7 A company plans to make four annual deposits...

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Accounting

E 5-12 Future value; annuities [ LO5-7 A company plans to make four annual deposits of $200,000 each to a special building fund. The fund's assets will be invested in mortgage instruments expected to pay interest at 12% on the fund's balance. Determine how much will be accumulated in the fund after four years under each of the following situations: The $200,000 annual deposits are made at the end of each of the four years and interest is compounded annually. The $200,000 annual deposits are made at the beginning of each of the four years and interest is compounded annually. The $200,000 annual deposits are made at the beginning of each of the four years and interest is compounded quarterly

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