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Padayappa has now retired after 40 years of employment. He just made an annual deposit to his investment portfolio and realized he has $1,500,000 (not

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Padayappa has now retired after 40 years of employment. He just made an annual deposit to his investment portfolio and realized he has $1,500,000 (not counting home, cars, furniture, etc.). His money has been earning 7 percent per year, and inflation has been running 4 percent per year over the past 40 years. Parta Your answer is correct. What equal amount of money did he put into his investment at the end of each year? $ 7514 Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is +5. Attempts: 1 of 3 used Part b x Your answer is incorrect. What is the buying power of his $1.500,000 in terms of a base 40 years ago?$ 7201531 Call

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