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Determine the amount of the equal, annual, end-of year deposits necessary to accumulate the given sum at the end of the specified period, assuming the
Determine the amount of the equal, annual, end-of year deposits necessary to accumulate the given sum at the end of the specified period, assuming the stated annual interest rate.
Sum to be accumulated: $148,000
Accumulation period (years): 10
Interest Rate: 7%
The amount of the end of year annual deposit is $___ (round to the nearest cent)
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