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Damon wants to have $10,000 built up in savings in 18 years to give to his new nephew. If he were to put his money

Damon wants to have $10,000 built up in savings in 18 years to give to his new nephew. If he were to put his money into a money market account earning 5% annually, how much would he have to save per year?

Group of answer choices

$355

$403

$508

$855

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