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Complox presoret valuo) You would like to have $52.000 in 13 years. To accumulate this amount, you plan to deposit each year an equal sum

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Complox presoret valuo) You would like to have $52.000 in 13 years. To accumulate this amount, you plan to deposit each year an equal sum in the bank, which will earn 8 percent inserest compounded annualy. Your first payment will be made at the end of the year, a. How much must you depost annualy to accumulate thas amount? b. If you decide to make a lasge lump-sum deposit today instead of the annual doposis, how large should this lurnp-sum deposit be? (Assume you can eam b percent on this deposit) c. Al the end of 6 years you will receive $11,000 and deposit this in the bank toward your goal of $52.000 at the end of 13 years. In addition to this deposit, how much must you deposit in equal annual deposits to teach your godr (Again assume you can earn 8 percent on this deposit)

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