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Home Q & A Board Other Fields Homework Help Business Accounting
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liz_08 liz_08
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5 years ago
Aucutt Incorporated deposits $125,000 every January 1st and July 1st in a savings account 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 6%.  How much money will Aucutt Incorporated have at the end of five years?
A) $1,475,974
B) $1,432,985
C) $683,551
D) $746,915
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Intermediate Accounting

Intermediate Accounting


Edition: 1st
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RAYRAYRAYRAY
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5 years ago
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liz_08 Author
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#2
5 years ago
Commenting just to show my support for informative posts like this, keep it up 10/10
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#3
5 years ago
That helps more than you thinks, thanks for being so thoughtful
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