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(Annuity payments) Lisa Simpson wants to have $1100000 in 30 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 8.50 percent annually.
(Annuity payments) Lisa Simpson wants to have $1100000 in 30 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 8.50 percent annually. What must Lisa's annual deposit be?
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