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Today $15,000 is deposited in a savings account that pays 7% interest. After 3 years, new deposits are made each year end, so that after

Today $15,000 is deposited in a savings account that pays 7% interest. After 3 years, new deposits are made each year end, so that after 5 years, you have $70,000 when you make the last deposit. Find the value of annual deposits Step by step

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