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ou want to receive $ 6 0 0 at the end of each year for 3 years. Interest is 5 . 8 % compounded annually.

ou want to receive $600 at the end of each year for 3 years. Interest is 5.8% compounded annually.
(a) How much would you have to deposit at the beginning of the 3-year period?
(b) How much of what you receive will be interest?

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