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18 A couple wants to have an annuity of $25,000 payable at the beginning of each year for 10 years. If they have 20 years

18 A couple wants to have an annuity of $25,000 payable at the beginning of each year for 10 years. If they have 20 years to save for that annuity, how much must be saved from their annual year-end bonus? Assume a 5% interest rate.

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