Business, 15.04.2020 00:29 Monicaamm12983

On January 1, 2020, ABC Company decided to begin accumulating a fund for asset replacement five years later. The company plans to make five annual deposits of $60,000 at 9% each January 1 beginning in 2020. What will be the balance in the fund, on January 1, 2025 (one year after the last deposit)?

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