Business, 25.03.2021 22:20 aubreymoore9441

In 2019, Cart Inc. adopted a plan to accumulate funds for environmental remediation beginning July 1, 2024 at an estimated cost of $20 million. Cart plans to make five equal annual payments into a fund earning 6% interest compounded annually. The first deposit is scheduled for July 1, 2019. Determine the amount of the required annual deposit.

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In 2019, Cart Inc. adopted a plan to accumulate funds for environmental remediation beginning July 1...

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