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The Aggarwal Corporation needs to save $ 1 3 million to retire a ( n ) $ 1 3 million mortgage that matures in 1
The Aggarwal Corporation needs to save $ million to retire an $ million mortgage that matures in years. To retire this mortgage, the company plans to put a fixed amount into an account at the end of each year for years. The Aggarwal Corporation expects to earn percent annually on the money in this account. What equal annual contribution must the firm make to account to accumulate the $ million by the end of the years? The equal contribution the firm mist make to this account is
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