An investment pays 9% compounded annually. Compute the amount that must be invested each year for 5 years to have a total accumulation of $40,000. Use Tables 23-1A and 23-1B or a calculator.

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An investment pays 9% compounded annually. Compute the amount that must be invested each year for 5 years to have a total accumulation of $40,000. Use Tables 23-1A and 23-1B or a calculator.​

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The Answer of An investment pays 9% compounded annually. Compute the amount that must be invested each year for 5 years to have a total accumulation of $40,000. Use Tables 23-1A and 23-1B or a calculator.​

An Investment Pays 9% Compounded Annually