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How much must you deposit each year into your retirement account starting now andcontinuing through year 12if you want to be able to withdraw $100,000

How much must you deposit each year into your retirement account starting now andcontinuing through year 12if you want to be able to withdraw $100,000 per yearforever, beginning 32 years from now? Assume the account earns interest at14% per year.

The amount to be deposited is determined to be$

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