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12. Matheson Pump Supply needs to set aside some funds to pay for the repaving of...

12. Matheson Pump Supply needs to set aside some funds to pay for the repaving of its parking lot. It is expected that this will occur in sometime in the future. It is suggested that an account be established with $1,000, and then increasing each year through year 10 by $500. Assume a 10% interest rate. At the end of this time the funds in the account would be equal to?

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