A company that manufactures purgable hydrogen sulfide monitors will make deposits such that each one...
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Accounting
A company that manufactures purgable hydrogen sulfide monitors will make deposits such that each one is 5% larger than the preceding one. How large must the first deposit at the end of year 1 be if the deposits extend through year 10 and the 6th deposit is $5250? Use an interest rate of 11% per year. The first deposit at the end of year 1 must be $________.
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