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Bart is a junior in college. He plans to invest equal, annual amounts starting 3 years from now for 5 consecutive years in order to

Bart is a junior in college. He plans to invest equal, annual amounts starting 3 years from now for 5 consecutive years in order to accumulate a total of $50,000 at the end of 15 years. If the funds earn 8% per year, what is the required amount of each deposit?

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