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You plan on buying a truck in 4 years time. The truck will cost $600,000 at that time. If you want to make four equal

  1. You plan on buying a truck in 4 years time. The truck will cost $600,000 at that time. If you want to make four equal deposits and the end of each year. If your account earns 9% compounded annually, how much must you invest at the end of each year to accumulate your goal of $600,000? [5 marks]

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