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Lisa Simpson wants to have $1 500 000 in 45 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 9.25 percent annually.

Lisa Simpson wants to have $1 500 000 in 45 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 9.25 percent annually. What must Lisa's annual deposit be?

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