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to buy a new laptop at the 5th year end and $1,000 to buy a new phonne at the 6th year end. Please calculate
to buy a new laptop at the 5th year end and $1,000 to buy a new phonne at the 6th year end. Please calculate how much you need to save in each year? Suppose you deposit in the beginning of each year. Suppose your last deposit is in the beginning of year 6. GOALS: 1. Use SOLVER to find the required deposit amount. 2. Use PMT to find the required deposit amount. Interest rate Annual deposit year 1 2 434 8% year beginning balance, before deposit/withdrawal Deposit or withdrawal at beginning of year year-end Total balance
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