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  3. the value of this initial deposit. 20. in the firs

the value of this initial deposit. 20. In the first 6 years, ABC corporation makes...

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Accounting

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the value of this initial deposit. 20. In the first 6 years, ABC corporation makes an initial investment of $20,000 and contributes $500 per year. In the last 6 years, ABC withdraws $1,200 per year so that there was 40,000 remaining in the account. Given this information, determining the time period between the first 6 years and the last 6 years, if there were no entributions or withdrawals. Annual interest throughout this timeline is 5% compounded annually

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