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Wendy decided to invest in an investment plan in each year for 30 years. The investment will earn an interest rate of 8% annually. The
Wendy decided to invest in an investment plan in each year for 30 years. The investment will earn an interest rate of 8% annually. The investment is worth $90,000 today. All cash flow occurs at the end of a year. How much will she invest in each year in the investment plan? Show your calculations.
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