Business, 02.08.2019 20:30 sanociahnoel
Johnstone needs to accumulate sufficient funds to pay a $520,000 debt that comes due on december 31, 2023. the company will accumulate the funds by making five equal annual deposits to an account paying 7% interest compounded annually. determine the required annual deposit if the first deposit is made on december 31, 2018. (round your final answers to nearest whole dollar amount.)
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Johnstone needs to accumulate sufficient funds to pay a $520,000 debt that comes due on december 31,...
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