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Value of a sinking fund

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$2000 is deposited into a sinking fund at the end of each year for 5 years. The fund earns interest at 10% per year, compounded annually.

What is the principal of the fund right after the fifth deposit has been made?

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The solution explains how to calculate the value of a sinking fund.

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The amount in the fund would be the future value of the $2,000 ...

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