i 10. COMPUTER REPLACEMENT The community college where Roman Rodriguez works sets aside an annual payment of $35,000 per year for 5 years so it will have funds to replace the personal computers, servers, and printers in the computer labs when needed. Assuming 5% compounded annually, what lump sum deposited today would result in the same future value?

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
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i 10. COMPUTER REPLACEMENT The community college where
Roman Rodriguez works sets aside an annual payment of
$35,000 per year for 5 years so it will have funds to replace
the personal computers, servers, and printers in the computer
labs when needed. Assuming 5% compounded annually, what
lump sum deposited today would result in the same future
value?
Transcribed Image Text:i 10. COMPUTER REPLACEMENT The community college where Roman Rodriguez works sets aside an annual payment of $35,000 per year for 5 years so it will have funds to replace the personal computers, servers, and printers in the computer labs when needed. Assuming 5% compounded annually, what lump sum deposited today would result in the same future value?
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