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    Financial Accounting Study Set 5
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    Exam 9: Current Liabilities and Fair Value Accounting
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    A Company Wishes to Make Deposits at the End of Each
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A Company Wishes to Make Deposits at the End of Each

Question 169

Question 169

True/False

A company wishes to make deposits at the end of each of the next four years to accumulate a fund of $60,000.The annual contributions equal $60,000 multiplied by the appropriate present value of an ordinary annuity factor.

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