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Marla would like to collect $175,000 to buy a house in 12 years. She thinks she can save money in a money-market account earning 7%

Marla would like to collect $175,000 to buy a house in 12 years. She thinks she can save money in a money-market account earning 7% interest per year. She would like to deposit an amount Q today to openthe account, make a deposit every year,and make the last deposit at the end ofYear 12 into the account. She also believes that she canincreasethe value of the deposit that she makes into the account every yearby 5% above what she deposited the previous year, starting with the amount Q. What is the value of Q with which she will have toopen the account to make this happen?

Group of answer choices

$5,130

$6,677

$9,350

$9,293

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