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Jill and Jack will be retiring in twenty years and would like to buy a house. The house costs $600,000 today, and housing prices are

Jill and Jack will be retiring in twenty years and would like to buy a house. The house costs $600,000 today, and housing prices are expected to increase by 5% per year. Jill and Jack want to make twenty equal annual payments into an account, starting today, so there will be enough money to purchase the house in twenty years. If the account earns 9% per year, what is the amount of each deposit?

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