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mantparn mantparn
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7 years ago
Xiao Xin is planning to accumulate $40,000 by the end of 5 years by making 5 equal annual deposits. If she plans to make her first deposit today and can earn an annual compound rate of 9 percent on her investment, how much must each deposit be in order to accumulate the $40,000?
A) $ 6,132
B) $ 6,684
C) $23,844
D) $ 9,434
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
Authors:
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UlainUlain
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mantparn Author
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#2
6 years ago
*Incredible*
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thank you
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Best answer
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nice to know
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comment
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Thanks!
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ty
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thank you!
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#13
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Thank you
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