A person wants to make an amount of $ 5,000 to accumulate over a period of 15 years so that he can get a cash payment to build a new roof for his small country summer house and to get this amount when...

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A person wants to make an amount of $ 5,000 to accumulate over a period of 15<br>years so that he can get a cash payment to build a new roof for his small country<br>summer house and to get this amount when needed, he will deposit annual<br>payments into a savings account so that he gets an annual interest of 8%. Should<br>each annual payment be reported?<br>

Extracted text: A person wants to make an amount of $ 5,000 to accumulate over a period of 15 years so that he can get a cash payment to build a new roof for his small country summer house and to get this amount when needed, he will deposit annual payments into a savings account so that he gets an annual interest of 8%. Should each annual payment be reported?

Jun 05, 2022

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A person wants to make an amount of $ 5,000 to accumulate over a period of 15 years so that he can get a cash payment to build a new roof for his small country summer house and to get this amount when...

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