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Korman Company wishes to accumulate $300,000 by May 1, 2018 by making 8 equal annual deposits beginning May 1, 2010 to a fund paying 8%

Korman Company wishes to accumulate $300,000 by May 1, 2018 by making 8 equal annual deposits beginning May 1, 2010 to a fund paying 8% interest compounded annually. What is the required amount of each deposit

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