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(Compound value) The Agganwal Corporation needs to save $10 million to retre a $10 malion mortgage that matures in 10 years. To retie this mortgage,

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(Compound value) The Agganwal Corporation needs to save $10 million to retre a $10 malion mortgage that matures in 10 years. To retie this mortgage, the company plans to pot a foxed amount into an account at the end of each year for 10 yoars, with the first paymont occurring at the end of 1 year. The Aggarwat Corporation expects to earn 9 percent annualy on the money in this account. What equal annual contribution must it make fo this account to accumulate the $10 milion in 10 years? In order to retire a 510 million mortgage that matures in 10 years, what equal end-of year contribution must the Aggarwal Corporation make to an account that earns 9 percent annually? (Round to the nearest dollar)

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