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Dr. J. wants to buy a Dell computer which will cost $3,400 five years from today. He would like to set aside an equal amount

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Dr. J. wants to buy a Dell computer which will cost $3,400 five 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 6% annual return. How much should he set aside? Use Appendix C to calculate the answer (Round your final answer to 2 decimal places.) Multiple Choice O $57816 O $603.16 $653.16 $703.16

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