Present worth of the deposited money will be given by
PW = 15000(P/A, 10%, 10) - 15000(P/A, 10%, 2)
= 15000*6.14457 - 15000*1.73554
= $66,135.45
Hence the answer is $66,135.45
Question 5 $15000 is deposited each year in years 3 through 10 at an interest rate...
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