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kourtni kourtni
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6 years ago
Cline Corporation deposits $75,000 every quarter in a savings accounting (beginning at the end of the current quarter) for the next five years so that it can purchase a new piece of machinery at the end of five years.  The interest rate is 8%.  How much money will Cline Corporation have at the end of five years?
A) $3,432,147
B) $1,822,303
C) $1,858,749
D) $2,015,688
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Intermediate Accounting

Intermediate Accounting


Edition: 1st
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darkrouler88darkrouler88
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6 years ago
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kourtni Author
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6 years ago
Just confirmed the same answer from my friend, thanks
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