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Maxine and Marcos plan to send their son to university. To pay for this they will contribute 1 1 equal yearly payments to an account
Maxine and Marcos plan to send their son to university. To pay for this they will contribute equal yearly payments to an account bearing interest at the APR of compounded annually. Five years after their last contribution, they will begin the first of five, yearly, withdrawals of $ to pay the university's bills. How large must their yearly contributions be
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