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Tony Hitchcock is 37 years old today and he wishes to accumulate $519,000 by his 57th birthday so he can retire to his summer place

Tony Hitchcock is 37 years old today and he wishes to accumulate $519,000 by his 57th birthday so he can retire to his summer place on Lake Hopatcong. He wishes to accumulate this amount by making equal deposits on his 37th through his 56th birthdays. What annual deposit must Tony make if the fund will earn 12% interest compounded annually?

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