In January 1977, 100 $ was invested at 3% annual compound interest. In the following years, 200 $ each was deposited within the scope of 1 January 1987. The purpose of depositing funds into the fund is to receive payments from January 1, 1990 to January 1, 1995. What is the amount of payments between 1990-1995?

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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In January 1977, 100 $ was invested at 3% annual compound interest. In the following years, 200 $ each was deposited within the scope of 1 January 1987. The purpose of depositing funds into the fund is to receive payments from January 1, 1990 to January 1, 1995. What is the amount of payments between 1990-1995?

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