Business, 07.03.2020 04:47 thomasalmo2014

One year ago, the Jenkins Family Fun Center deposited $4,900 into an investment account for the purpose of buying new equipment four years from today. Today, they are adding another $6,700 to this account. They plan on making a final deposit of $8,900 to the account next year. How much will be available when they are ready to buy the equipment, assuming they earn a rate of return of 6 percent?

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One year ago, the Jenkins Family Fun Center deposited $4,900 into an investment account for the purp...

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