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Yoir neighbour would like to set money asideto purchase land in 1 5 years. Theybwould like to gabe $ 5 0 0 , 0 0

Yoir neighbour would like to set money asideto purchase land in 15 years. Theybwould like to gabe $500,000 set aside in 15 years, if they make annual payments and can earn 12%interest per year, how much miney do they need to invest each year?

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