The children funding invested 5000 this year for the, Ask an Expert

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The Children Funding invested $5,000 this year for the purpose of buying a new equipment in five years. Next year, it promises to invest an additional $3,000 for the same purpose. If the annual interest rate on the investment is 15%, how much will be available to the Children Funding when it is ready to buy the equipment?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92792440

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