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Determine the equal deposits

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Reference no: EM13873886

Beginning with January 1, 2011, five equal deposits are to be made in a fund.

Required:

Using the appropriate tables, determine the equal deposits if interest at 10% is compounded annually and if $200,000 must be in the fund on
1. January 1, 2015
2. January 1, 2016

Reference no: EM13873886

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