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Amazing car's price is $ 4 5 0 , 5 0 0 . Price of the car increases at 3 % of annual inflation rate.

Amazing car's price is $450,500. Price of the car increases at 3% of annual inflation rate. Hence, Mr.Y wants to invest his money in a bank that offers 5.5% per year. How much annual mount Y needs to deposit at the end of each year to buy amazing car in five years?
$110,900.44
$105.496.48
$98.368.73
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