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Lisa Simpson wants to have $1,800,000 in 50 years by making equal annual end-of-the-year deposits into atax-deferred account paying 8.75 percent annually. What must Lisa's

Lisa Simpson wants to have $1,800,000 in 50 years by making equal annual end-of-the-year deposits into atax-deferred account paying 8.75 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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