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Mayor Sebastian wishes to accumulate $4000 in todays dollars in 5 annual deposits at the end of each year with the deposits earning 6% after-tax

Mayor Sebastian wishes to accumulate $4000 in todays dollars in 5 annual deposits at the end of each year with the deposits earning 6% after-tax rate of return with an inflation rate of 5%. What will be the size of the first and second deposits?

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