Colin wants to set up an aquarium.. He already has a tank, but needs to purchase fish, filters, and plants. If the cost of the f
1 answer:
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Answer:
$5837 approx
Explanation:
Amount =
Amount deposited at the end of year 1 would yield = $2500 = $2500 × 1.41158 = $3528.95
Amount deposited at the end of year year 3 would yield = $750 = $891.075
Amount deposited at the end of year 4 would yield = $1300 = $1417
Total deposit at the end of year 5 = $3528.95 + $891.075 + $1417 = $5837 approx.