Business

Dominik Gentry

19 July, 14:24

One year ago, the Jenkins Family Fun Center deposited $5,100 into an investment account for the purpose of buying new equipment four years from today. Today, they are adding another $6,900 to this account. They plan on making a final deposit of $9,100 to the account next year. How much will be available when they are ready to buy the equipment, assuming they earn a rate of return of 7 percent?

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