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Six years from today you need $11,500. You plan to deposit $1,700 annually except for the last deposit. The deposits are made at the end
Six years from today you need $11,500. You plan to deposit $1,700 annually except for the last deposit. The deposits are made at the end of each year, in an account that pays a 7 percent effective annual rate. What is your last deposit so that you have an exact $11,500 in year 6?
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