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(Related to Checkpoint 6.1)(Annuity payments)Lisa Simpson wants to have $1,100,000 in 55 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 10.00

(Related to Checkpoint 6.1)(Annuity payments)Lisa Simpson wants to have

$1,100,000

years by making equal annual end-of-the-year deposits into a tax-deferred account paying

10.00

percent annually. What must Lisa's annual deposit be?

The amount of Lisa's annual deposit must be

$nothing.

(Round to the nearest cent.)

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