Exercise 49 Lamb Company deposited $15,000 annually for 6 years in an account paying 5%...
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Accounting
Exercise 49 Lamb Company deposited $15,000 annually for 6 years in an account paying 5% interest compounded annually. What is the balance of the account at the end of the 6th year? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 52.75.) Click here to view the factor table Future Value of 1 Click here to view the factor table Future Value of an Annuity of 1 Click here to view the factor table Present Value of 1 Click here to view the factor table Present Value of an Annuity of 1 Account at the end of the 6th year Click if you would like to Show Work for this question: Open Show Work
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