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Business, 14.05.2021 18:10 carlo123

The need for a large-capacity water supply system is forecast to occur 4 years from now. At that time, the system required is estimated to cost $40,000. If an account earns 12% per year compounded annually, the amount that must be placed in the account at the end of each year in order to accumulate the necessary purchase price is most nearly:

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