One year ago the jenkins family fun center deposited 3500, Ask an Expert

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One year ago, the Jenkins Family Fun Center deposited $3,500 in an investment account for the purpose of buying new equipment four years from today. Today, they are adding another $5,300 to this account. They plan on making a final deposit of $7,500 to the account next year. How much will be available when they are ready to buy the equipment, assuming they earn a 7 percent rate of return?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91771779

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