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excel please Charlie Munger wants to save for a trip to Italy. He will need $18,108 at the end of 12 years. He can invest

excel please
Charlie Munger wants to save for a trip to Italy. He will need $18,108 at the end of 12 years. He can invest a certain amount at the beginning of each of the next 12 years in a bank account that will pay him 5 percent annually. How much will he have to invest annually to reach his target? (Round to the nearest two decimals. Do not type the $ symbol)

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