Jill has always wanted totravel to China and plans to take a trip there in five years;
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Question:
Jill has always wanted totravel to China and plans to take a trip there in five years; she estimates that she will need $3,000 to pay for the trip and plans to make annual deposits to asavings accountto reach her goal for pay for the trip.If her account earns 2% interest, how much should she deposit each year to reach her goal?Round your final answer to the nearestwhole dollar.
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