Engineering, 14.09.2019 05:30, xxaurorabluexx

Ahigh-tech company wants to have $2.5 billion available in 5 years to develop a new product. the company expects to invest uniformly increasing amounts of money each year to meet this goal. at the end of the first year, the company will deposit $50 million in an account that is expected to earn 10% annually. determine how much the uniformly increasing deposit must be each year thereafter to meet this goal.

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Ahigh-tech company wants to have $2.5 billion available in 5 years to develop a new product. the com...