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Maxwell will receive ( $ 1,252.28 ) every year for the next 5 years. To enable him to receive this amount his dad has deposited

image text in transcribed Maxwell will receive \( \$ 1,252.28 \) every year for the next 5 years. To enable him to receive this amount his dad has deposited \( \$ 5,000 \) in an account earning \( 8 \% \) interest per annum. W image text in transcribed

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