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Show work and use formulas if possible You want to have $41,000 in your savings account 7 years from now, and you're prepared to make
Show work and use formulas if possible
You want to have $41,000 in your savings account 7 years from now, and you're prepared to make equal annual deposits into the account at the end of each year. If the account pays 6.5 percent interest, what amount must you deposit each year? Multiple Choice $5,85714 $7,489.69 $4.810.59 $2,665.02 $2,664.98Step by Step Solution
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