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8. [-12 Points] DETAILS SMITHNM13 11.7.019. 0/2 Submissions Used Classify the financial problem. Assume a 7% interest rate compounded annually What annual deposit is necessary
8. [-12 Points] DETAILS SMITHNM13 11.7.019. 0/2 Submissions Used Classify the financial problem. Assume a 7% interest rate compounded annually What annual deposit is necessary to give $10,000 in 3 years? O amortization ordinary annuity O present value O future value O sinking fund Answer the question. (Round your answer to the nearest cent.) Submit
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