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Dr. J. wants to buy a Dell computer which will cost $3,300 eight years from today. He would like to set aside an equal amount

Dr. J. wants to buy a Dell computer which will cost $3,300 eight years from today. He would like to set aside an equal amount at the end of each year in order to accumulate the amount needed. He can earn 7% annual return. How much should he set aside? Multiple Choice $296.64 $321.64 $371.64 $421.64 99

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