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3. (2 pts) Madison wishes to accumulate $8,000 by the end of 5 years by making equal, annual, end-of-year deposits over the next 5 years.

3. (2 pts) Madison wishes to accumulate $8,000 by the end of 5 years by making equal, annual, end-of-year deposits over the next 5 years. If Madison can earn 7% on her investments, how much must she deposit at the end of each year to meet this goal

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