*PLEASE SHOW FORMULAS AND ALL WORK* Being the owner of a 10-unit rental building, you...
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Accounting
*PLEASE SHOW FORMULAS AND ALL WORK*
Being the owner of a 10-unit rental building, you will deposit $200 per unit in an interest-bearing account. This fund will be used for refurbishing your apartments at the end of 5 years. If the deposits are made at the beginning of each year with a 5% interest (compounded annually) earning, what will be the accumulate value of the account at the end of five years?
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