Business, 25.02.2020 23:58 hhomeschool24
One year ago, Deltona Motor Parts deposited $16,500 in an investment account for the purpose of buying new equipment three years from today. Today, it is adding another $12,000 to this account. The company plans on making a final deposit of $20,000 to the account one year from today. How much will be available when it is ready to buy the equipment, assuming the account pays 4.5 percent interest?
a. $53,408
b. $55,211
c. $55,997
d. $56,792
e. $57,232
Answers: 1
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