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Lisa Simpson wants to have 1,500,000 in 30 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 9.50 percent annually. What must
Lisa Simpson wants to have 1,500,000 in 30 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 9.50
percent annually. What must Lisa's annual deposit be?
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