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Assume that you wish to make annual deposits into a savings account. The interest rate offered by the bank is 3%, and you plan to

Assume that you wish to make annual deposits into a savings account. The interest rate offered by the bank is 3%, and you plan to save for the next 8 years. If your goal is for the present value of your savings to be equal to $2,098, how much money must you deposit every year?

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