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How much money must you deposit into a savings account at the end of each year at 5% interest compounded annually in order to earn

How much money must you deposit into a savings account at the end of each year at 5% interest compounded annually in order to earn $13,157.13 interest during a 15-year period?

f= (1 + i)^n-1

ir

F=(1+.05)^n-1

F=1.07892817941.

0.5X13,157.13=6578.565

6578.5651.07892817941

=6097.32

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