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Lisa Simpson wants to have $1.2million in 60 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 9 percent annually. What must
Lisa Simpson wants to have $1.2million in 60 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 9 percent annually. What must Lisa's annual deposit be? The amount of Lisa's annual deposit must be _________ (Round to the nearest cent.)
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