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John Travolta plans to invest the following cash flows at the beginning of each year:
Year Cash Flow
2019 $30 000
2020 $40 000
2021 $60 000
2022 $90 000
2023 $20 000
Question 1: How much would John accumulate at the end of 2023 if the interest rate is compounded annually at an interest rate of 9.8%?
Financial Statement Analysis and Preparation
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