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Manny and Irene will be retiring in fifteen years and would like to buy a Mexican villa. The villa costs exist500,000 today, and housing prices

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Manny and Irene will be retiring in fifteen years and would like to buy a Mexican villa. The villa costs exist500,000 today, and housing prices in Mexico are expected to increase by 6% per year. Manny and Irene want to make fifteen equal annual payments into an account, starting next year, so there will be enough money to purchase the villa in fifteen years. If the account earns 10% per years, what is the amount of each deposit? A) exist79, 885 B) exist 72, 623 C) exist37, 714 D) exist30, 947

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