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Michael Jackson wants to start a transportation scholorship called Jackson 5 . They estimates that to send the band to camp, he will need to

Michael Jackson wants to start a transportation scholorship called Jackson

5 .

They estimates that to send the band to camp, he will need to have $

400, 000

saved at the end of

15

years. If Michael can earn

6 %

on his investment, how much will he need to put aside at the end of each year to ensure that Jackson

5

to win?

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