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Lisa James expects to retire in 15 years and expects to live 10 years after she retires. Lisa would like to have 20,000 available at

Lisa James expects to retire in 15 years and expects to live 10 years after she retires. Lisa would like to have 20,000 available at the beginning of each year at her retirement. How much would Lisa need to deposit at the end of each of the next 10 years in order for her to reach her retirement objective? The deposits will be made into an account that earns 10% interest. Answer = 5,266.63

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