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An engineering firm estimates that its cost for employer sponsored health insurance will be $ 7 5 0 , 0 0 0 next year and
An engineering firm estimates that its cost for employer sponsored health insurance will be $ next year and increase at per year for the next years. The company CFO wants to budget a uniform amount each year to cover these costs. If the firm's rate of return is per year, how much should be invested each year for employer sponsored health care? Express your answer in $ to the nearest $
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