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Currently (in August, 2017), Abby wants to have $20,000 available in August 2021 to make a college tuition payment. To be able to have this

Currently (in August, 2017), Abby wants to have $20,000 available in August 2021 to make a college tuition payment. To be able to have this amount available, Abby will make equal annual deposits in an investment account earning 12% annually in August 2017,2018,2019,2020,and 2021. What is the annual amount to be deposited?

A: $2,270

B: $5,548

C: $3,148

D: $4,000

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