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Use the Following 8% Interest Factors for Questions

Question 82

Multiple Choice

Use the following 8% interest factors for questions . Use the following 8% interest factors for questions . -Korman Company wishes to accumulate $500,000 by May 1, 2022 by making 8 equal annual deposits beginning May 1, 2014 to a fund paying 8% interest compounded annually.What is the required amount of each deposit? A) $87,008 B) $47,007 C) $43,525 D) $50,390
-Korman Company wishes to accumulate $500,000 by May 1, 2022 by making 8 equal annual deposits beginning May 1, 2014 to a fund paying 8% interest compounded annually.What is the required amount of each deposit?


A) $87,008
B) $47,007
C) $43,525
D) $50,390

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