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What is the amount a person would have to deposit today to be able to take out $500 a year for 10 years from an

What is the amount a person would have to deposit today to be able to take out $500 a year for 10 years from an account earning 8 percent?

A. 5000

B. 1000

C. 3,355

D. 4,012

E. 3,589

Please show your work.

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