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Jennifer wishes to determine the equal annual end-of-year deposits required to accumulate $35,000 at the end of 5 years when her son enters college. The

Jennifer wishes to determine the equal annual end-of-year deposits required to accumulate $35,000 at the end of 5 years when her son enters college. The interest rate is 4 percent. What is the annual deposit? O $7,000 O $5,416 O $5,125 $6,462

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