A small northern California consulting firm wants to start a recapitalization pool for replacement of...

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Accounting

A small northern California consulting firm wants to start a recapitalization pool for replacement of network servers. If the company
invests $6,500 at the end of year 1 but decreases the amount invested by 5% each year, how much will be in the account 5 years from
now? Interest is earned at a rate of 9% per year.
Five years from now, the account will have $
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