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You opened a savings yesterday by depositing $10,000. You then continued to make deposits of $4,000 a year. You plan on taking a vacation once
You opened a savings yesterday by depositing $10,000. You then continued to make deposits of $4,000 a year. You plan on taking a vacation once the account reaches a balance of $100,000. How many deposits will you need to make if the account is expected to earn 4% per year? (HARD)
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