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Today you open an account with a $ 1 5 , 2 0 0 deposit that earns 1 4 . 2 0 % compounded annually.

Today you open an account with a $15,200 deposit that earns 14.20% compounded annually. You've set a target for the account so that in exactly 6 years its balance will be $43,500. To reach the target you'll adjust the balance annually; each year's adjustment will be exactly the same amount and the first adjustment occurs exactly one year from now. After the last annual adjustment in exactly 6 years, and crediting of that year's interest, the account balance exactly equals the target. Describe the annual adjustment that you make each year.
a. Each year you make a deposit of $1,312.
b. Each year you make a withdrawal of $1,140.
c. Each year you make a deposit of $992.
d. Each year you make a withdrawal of $992.
e. Each year you make a deposit of $1,140.
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