mocheal262 mocheal262

29-03-2024
Business

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Ben Johnson receives a bonus of $5,000 each year on December 31. Beginning on December 31, 2019, he deposits his bonus every year in a savings account that earns interest of 12% compounded annually. What will be the amount in the fund on December 31, 2023, after he deposits his bonus received on that date?

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