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In addition to the $200,000 balance today, Prof. Business will fund her adjusted future retirement goal from question 4 by making 16 annual equal deposits
In addition to the $200,000 balance today, Prof. Business will fund her adjusted future retirement goal from question 4 by making 16 annual equal deposits at 8% compounded annually into her retirement accounts starting a year from today (the last deposit will be made when Prof. Business retires). How large does this annual deposit need to be in addition to the initial $180,000 invested in Prof. Business' retirement fund
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