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Assume that you wish to make annual deposits into a savings account. The interest rate offered by the bank is 12%, and you plan to

Assume that you wish to make annual deposits into a savings account. The interest rate offered by the bank is 12%, and you plan to save for the next 6 years. If your goal is for the present value of your savings to be equal to $3,800, how much money must you deposit every year

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