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What annual deposit is necessary to have $13,000 in 7 years if all the money is deposited at 1.5% interest compounded annually? (a) State the

What annual deposit is necessary to have $13,000 in 7 years if all the money is deposited at 1.5% interest compounded annually? (a) State the type. O amortization O sinking fund O ordinary annuity O present value O present value of an annuity (b) Answer the question. (Round your answer to the nearest cent.) $

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