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A new roof will cost $15,000. It will be installed in 24 years. If the interest rate is 7% per year, how much must be

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A new roof will cost $15,000. It will be installed in 24 years. If the interest rate is 7% per year, how much must be saved each year to accumulate $15,000 fter 24 years? Click the icon to view the interest and annuity table for discrete compounding when i= 7% per year If the interest rate is 7% per year, the amount to be saved annually is $ (Round to the nearest dollar)

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