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4) A person needs $500 every year for the next 8 years starting from the beginning of 5th year. How much should the person invest
4) A person needs $500 every year for the next 8 years starting from the beginning of 5th year. How much should the person invest each year for the next 3 years starting from the end of each year to accumulate the same? Consider the rate of return of 8% per annum.
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