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Blossom company wishes to accumulate $1600000 by May 1, 2033 by making 8 equal annual deposits beginning May1, 2025 to a fund paying 7% interest

Blossom company wishes to accumulate $1600000 by May 1, 2033 by making 8 equal annual deposits beginning May1, 2025 to a fund paying 7% interest compounded annually. What is the required amount of each deposit

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