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  3. (1 point) deposits of $2500 are placed into a fund

(1 point) Deposits of $2500 are placed into a fund at the beginning of each...

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Accounting

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(1 point) Deposits of $2500 are placed into a fund at the beginning of each year for the next 23 years. After 35 years annual payments commence and continue forever, with the first payment at the end of the 35 th year. Find the amount of each payment if the effective rate of interest is 8.6%. ANSWER = $

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