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A man wants to accumulate $200,000 in a retirement fund. He plans to make level annual deposits from 1 May 1994 to 1 May 2015

A man wants to accumulate $200,000 in a retirement fund. He plans to make level annual deposits from 1 May 1994 to 1 May 2015 inclusive. Find the size of each deposit if effective annual rate is 12.5%.

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