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Sarah wants to save $800,000 by the end of 5 years by depositing an equal amount every year for the next 5 years and at
Sarah wants to save $800,000 by the end of 5 years by depositing an equal amount every year for the next 5 years and at the end of the year. If Sarah can earn 7% on her investments, how much money does she need to invest at the end of each year to reach this goal?
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