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Rebecca and Warren plan to send their son to university. To pay for this they will contribute 8 equal yearly payments to an account bearing

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Rebecca and Warren plan to send their son to university. To pay for this they will contribute 8 equal yearly payments to an account bearing interest at the APR of 9.3%, compounded annually. Six years after their last contribution, they will begin the first of five yearly, withdrawals of $38,400 to pay the university's bills. How large must their yearly contributions be? Points possible: 1

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