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    Principles of Accounting
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    Exam 10: Current Liabilities and Fair Value Accounting
  5. Question
    A Company Wishes to Make Deposits at the End of the Next
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A Company Wishes to Make Deposits at the End of the Next

Question 166

Question 166

True/False

A company wishes to make deposits at the end 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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