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Candlemaker corporation wants to accumulate a fund to

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Candlemaker Corporation wants to accumulate a fund to replaceits equipment in 5 years. If it invests $200,000 today at 7%, what amount will it have in 5 years?If Candlemaker invests $40,000 per year, what amount will it have in 5 years?

Reference no: EM13610934

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