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Tennesse Ltf. decided to establish a fund starting on June 30, 2020. By June 30, 2026, Phoenix would like to have $300,000. The bank will

Tennesse Ltf. decided to establish a fund starting on June 30, 2020. By June 30, 2026, Phoenix would like to have $300,000. The bank will pay 5% interest on any deposits made. What is the required annual deposit?

36,502

44,105

38,419

50,000

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