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On January 15,2020, Dolan Corp. adopted a plan to accumulate funds for environmental improvements beginning...

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Accounting

On January 15,2020, Dolan Corp. adopted a plan to accumulate funds for environmental improvements beginning July 1,2024, at an estimated cost of $8,000,000. Dolan plans to make four equal annual deposits in a fund that will earn interest at 10% compounded annually. The first deposit was made on July 1,2020. Compute the amount of deposit that Dolan should make every year.
Example of Answer: 4000(No comma, space, decimal point, or $ sign) Round: 2.31=2;2.65=3
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