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1) Kelly wants to save $18,000 by December 31, 2025. She plans to invest level annual payments every December 31, starting in 2020. If she

1) Kelly wants to save $18,000 by December 31, 2025. She plans to invest level annual payments every December 31, starting in 2020. If she expects to earn 4.75% interest, find her minimum annual payment to meet her goal. (5 points)

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