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Kroll Dog Care Co. wants to finance a new animal shelter by making twelve annual...

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Accounting

Kroll Dog Care Co. wants to finance a new animal shelter by making twelve annual deposits into a fund earning 3%, compounded annually. The first six deposits are $21,000 each and will be paide at the beginning of the next six years. The last six deposits are $27,000 each and will be paid at the beginning of the last six years.

What is the cost of the new animal shelter?

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