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One Year Ago,the Jenkins Center Opened an Investment Account and Deposited

Question 71

Multiple Choice

One year ago,the Jenkins Center opened an investment account and deposited $4,600.Today,it is depositing another $6,000 and will make a final deposit of $8,500 one year from now.How much will the firm have saved four years from now if it earns an average annual return of 7.5 percent?


A) $19,159.6
B) $22,430.84
C) $23,683.25
D) $24,194.5
E) $25,176.23 One year ago,the Jenkins Center opened an investment account and deposited $4,600.Today,it is depositing another $6,000 and will make a final deposit of $8,500 one year from now.How much will the firm have saved four years from now if it earns an average annual return of 7.5 percent? A) $19,159.6 B) $22,430.84 C) $23,683.25 D) $24,194.5 E) $25,176.23

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