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Using compound interest: 1 3 . Sindy wants to invest in a Retirement Savings Plan during 4 0 years that earns 4 . 7 5

Using compound interest:

13 .

Sindy wants to invest in a Retirement Savings Plan during

40

years that earns

4.75 %

annually. How much should she deposit yearly in order to receive $

380, 000 ?

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