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Dr. J. wants to buy a Dell computer that will cost $15,164, 9 years from today. He would like to set aside an equal amount
Dr. J. wants to buy a Dell computer that will cost $15,164, 9 years from today. He would like to set aside an equal amount starting immediately today (!) in order to accumulate the amount needed. He can earn an 8% annual return. How much should he set aside at the end of each year?
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