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Answer the appropriate question. You wish to have $50,000 in 20 years. You have an account earning an effective annual interest rate of 3.0%. You
Answer the appropriate question. You wish to have $50,000 in 20 years. You have an account earning an effective annual interest rate of 3.0%. You make deposits at the end of each year for 20 years of $1,600. This will not accumulate to $50,000, so you deposit $Y at the end of years 18,19 , and 20 so that you will have enough. What is Y
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