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Say a real estate investor needs $ 1 0 , 0 0 0 in five years to replace refrigerators in an apartment complex that he

Say a real estate investor needs $10,000 in five years to replace refrigerators in an apartment complex that he or she owns. The investor is prepared to make a deposit immediately and at the beginning of each of the following years into an account that yields 15% per year. What amount should the investor deposit each time in order to accumulate the $10,000?

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