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Jack wants to have exactly $15000 in his investment account in exactly 13 years. He plans to make exactly 13 annual deposits to his account
Jack wants to have exactly $15000 in his investment account in exactly 13 years. He plans to make exactly 13 annual deposits to his account starting in exactly 1 year. He believes that we will earn an annual compounded rate of return of 9.3%. What is the exact amount of the required annual deposits? [Round to 2 decimal places. DO NOT use commas in your response.]
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Practical Financial Management
Authors: William R. Lasher
8th edition
1305637542, 978-1305887237, 1305887239, 978-1305637542
