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Sarah just graduated from college. She plans to purchase a home in 5 years and will need $30000 for a down payment. She starts an
Sarah just graduated from college. She plans to purchase a home in 5 years and will need $30000 for a down payment. She starts an investment account with an initial deposit of $5000.If sarah can earn 10% in her investment account on the initial deposit and future deposits, what is the amount of annual payment that sarah must make at the end of each year for 5 years?
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