Business, 02.04.2020 15:59 carterdaw

4. On January 15, 2010, Dolan Corp. adopted a plan to accumulate funds for environmental improvements beginning July 1, 2014, at an estimated cost of $4,000,000. 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, 2010. Dolan should make four annual deposits ofFuture value of 1 at 10% for 5 periods 1.61

Future value of ordinary annuity of 1 at 10% for 4 periods 4.64

Future value of annuity in advance of 1 at 10% for 4 periods 5.11

Carr should make 4 annual deposits (rounded) of

a. $320,000

b. $431,000

c. $391,400

d. $500,000

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4. On January 15, 2010, Dolan Corp. adopted a plan to accumulate funds for environmental improvement...

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