What is the future value at the end of year 5 of a series of...
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Accounting
What is the future value at the end of year 5 of a series of 3 deposits? The first deposit occurs at the end of year 3 and is $700. The remaining deposits increase by $230/year (so the last deposit will be $1160 and will occur at the end of year 5) . Assume i = 10.2% compounded annually.
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