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Oub Company Issued $4,000,000, 10-Year Bonds and Agreed to Make

Question 281

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oub Company issued $4,000,000, 10-year bonds and agreed to make annual deposits of $303,500 to a fund. The deposits are made at the end of each year to a fund paying 6% interest compounded annually. What amount will be in the fund at the end of the 10 years?

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Use future value of an annuity...

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