(Solution) - The Weimer Corporation wants to accumulate a sum of money -(2025 Original AI-Free Solution)

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The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2022. Weimer will make annual deposits of $180,000 into a special bank account at the end of each of 10 years beginning December 31, 2013. Assuming that the bank account pays 7% interest compounded annually, what will be the fund balance after the last payment is made on December 31, 2022?