On January 15, 2014, Dolan Corp. adopted a plan to accumulate funds for environmental improvements beginning July 1, 2018, at an estimated cost of $6,000,000. Dolan plans to make four equal annual deposits in a fund that will earn interest at 10% compounded annually. The first deposit was made on July 1, 2014. Future value factors are as follows: Dolan should make four annual deposits of

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On January 15, 2014, Dolan Corp. adopted a plan to accumulate funds for environmental improvements beginning July 1, 2018, at an estimated cost of $6,000,000. Dolan plans to make four equal annual deposits in a fund that will earn interest at 10% compounded annually. The first deposit was made on July 1, 2014. Future value factors are as follows:  Dolan should make four annual deposits of

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The Answer of On January 15, 2014, Dolan Corp. adopted a plan to accumulate funds for environmental improvements beginning July 1, 2018, at an estimated cost of $6,000,000. Dolan plans to make four equal annual deposits in a fund that will earn interest at 10% compounded annually. The first deposit was made on July 1, 2014. Future value factors are as follows:  Dolan should make four annual deposits of