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Question: A corporation has a contract with one of their customers that will generate $15,000 in profit at the end of each of the next 5 years. If the corporation can invest money at 10%, how much will it accumulate at the end of year 5?

a. Do this calculation two ways. Once using the built in FV function and once using a simple table which shows the accumulation at the beginning of each year.

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  • Reference No.:- M92800419

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