7. An individual deposits an annual bonus into a savings account that pays 6% interest...
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Finance
7. An individual deposits an annual bonus into a savings account that pays 6% interest compounded annually. The size of the bonus increases by $5,000 each year, and the initial bonus amount was $20,000. Determine how much will be in the account immediately after the fifth deposit. Click the icon to view the interest factors for discrete compounding when / -6% per year. Immediately after the fifth deposit there will be $ thousand in the account. (Round to the nearest whole number.) 6: More Info Single Payment Compound Present Amount Worth Factor Factor (F/P, 1, N) (P/FL, N) 1.0600 0.9434 1.1236 0.8900 1.1910 0.8396 1.2625 0.7921 1.3382 0.7473 Compound Amount Factor (F/A, LN) 1.0000 2.0600 3.1836 4.3746 5.6371 Equal Payment Series Sinking Present Fund Worth Factor Factor (A/F, 4, N) (PIA, 1.0000 0.9434 0.4854 1.8334 0.3141 26730 0.2286 3.4651 0.1774 4.2124 Capital Recovery Factor (APN) 1.0600 0.5454 0.3741 0.2886 0.2374 Gradient Series Gradient Gradient Uniform Present Series Worth (A/G, (PIG, EN 0.0000 0.0000 0.4854 0.8900 0.9512 2.5692 1.4272 4.9455 1.8836 7.9345 4.9173 14185 1.5036 1.5938 1.6895 1.7908 0.7050 0.6651 0.6274 5.5824 6.9753 8.3938 9.8975 11.4913 13.1808 0.1434 0.1191 0.1010 0.0870 0.0759 0.2034 0.1791 0.1610 2.3304 2.7678 3.1952 11.4594 15.4497 19.8416 24.5768 29.6023 6.2098 6.8017 7.3601 0.5919 0.1470 3.6133 0.5584 0.1359 4.0220

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