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23 points You decide to get ahead and start saving for your first condo after college. You estimate your dream condo is going to be
23 points You decide to get ahead and start saving for your first condo after college. You estimate your dream condo is going to be ( $ 250,000 ) in 5 years once you graduate and get your job. You decide to put in annual payments on January 1st of every year into an investment account that pays ( 7.5 % ) interest. How much will your annual payments need to be so you can pay for your condo in cash? (Round to the nearest dollar) [ egin{array}{l} $ 40,038 \ $ 39,59096 \ $ 43,041 \ $ 42,904 end{array} ]
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