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Cassandra Dawson wants to save for a trip to Australia. She will need $10,870 at the end of 14 years. She can invest a certain
Cassandra Dawson wants to save for a trip to Australia. She will need $10,870 at the end of 14 years. She can invest a certain amount at the beginning of each of the next 14 years in a bank account that will pay her 7 percent annually. How much will she have to invest annually to reach her target?
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