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3-9. What amount would need to be paid each January 1 if at the end of 15 years (15 payments) you desired the amount of

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3-9. What amount would need to be paid each January 1 if at the end of 15 years (15 payments) you desired the amount of $10,000? Annual in- terest is 5%. (Note: The last payment will coin- dide with the time of the $10,000 balance.)

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