Kroll Dog Care Co. wants to finance a new animal shelter by making twelve annual...
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Kroll Dog Care Co. wants to finance a new animal shelter by making twelve annual deposits into a fund earning 3%, compounded annually. The first six deposits are $21,000 each and will be paide at the beginning of the next six years. The last six deposits are $27,000 each and will be paid at the beginning of the last six years.
What is the cost of the new animal shelter?
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