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  3. 6. 1 year ago, a cfo deposited 3,700 into an inves

6. 1 year ago, a CFO deposited 3,700 into an investment account for the purpose...

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Accounting

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6. 1 year ago, a CFO deposited 3,700 into an investment account for the purpose of buying new equipment 4 years from today. Today, they are adding another 5,500 to this account. They plan on making a final deposit of 7,700 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 9%

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