A company that manufactures purgable hydrogen sulfide monitors is planning to make deposits such that each one is 5% smaller than the preceding one. What must be the deposit at the end of year 1 if...


A company that manufactures purgable hydrogen sulfide monitors is planning to make deposits such that each one is 5% smaller than the preceding one. What must be the deposit at the end of year 1 if the deposits will extend through year 10 and the fourth deposit is $1250? Use an interest rate of 10% per year.



Jun 10, 2022
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