Calculate the equivalent present worth deposit

Reference no: EM13233002

A 10 year series of $10,000 annual deposits is followed by 10 more annual deposits of $20,000, which is followed by 20 more years at $30,000 per year. For the total 40 year period, calculate the equivalent present worth deposit as well as the balance in the account after year 40 where the interest is 10% compounded annually.

Reference no: EM13233002

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