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Suppose you are saving for retirement. If you deposit $19,897.31 at the end of each year for 25 years in an account that earns an

Suppose you are saving for retirement. If you deposit $19,897.31 at the end of each year for 25 years in an account that earns an annual rate of 7%. How many deposits must you make to accrue $500,000? Enter I/YR = 7, PV = 0, PMT = -$19,897.31, and FV = 500,000; solve for N = 15.

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