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Mis. Baker wishes to start investing money for her granddaughter to use to pay for part of her unversity expenses. Her grandiaughter i5 now 5
Mis. Baker wishes to start investing money for her granddaughter to use to pay for part of her unversity expenses. Her grandiaughter i5 now 5 , and Mrs Baket Wants the money to be avablable weien her granddaughter turns 20 . II Mrs. Baker can eam 6% annually on her investrients, how much must she deposit at the end of each year so her granddaughter will have $25,000 when sthe turns 20 ? (no doliar sign, 2 decimal places)
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