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How much is the required annual deposit

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Question - ABC Ltd. wishes to accumulate $540,000 for plant expansion at the end of 6 years. ABC Ltd. intends to make 6 equal annual deposits at the end of each year into a fund that will earn interest of 6% annually. How much is the required annual deposit? Please calculate using the factor tables provided on eClass. Round you answer to the nearest whole number.

Reference no: EM133090736

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