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Five annual deposits in the amounts of $12,000, $10,000, $8000, $6000, and $4000, in that...

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Finance

Five annual deposits in the amounts of $12,000, $10,000, $8000, $6000, and $4000, in that order, are made into a fund that pays interest at a rate of 8% compounded annually. Determine the amount in the fund immediately after the fifth deposit.

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