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Janice is hoping to save $250,000 by the time she retires in 25 years. How much must Janice deposit annually at the end of each

Janice is hoping to save $250,000 by the time she retires in 25 years. How much must

Janice deposit annually at the end of each year to reach this retirement goal on

December 31, Year 25, assuming she can earn a 5% annual rate of return on her

retirement account?

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