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you plan on buying some property in Florida 1 1 years from today. To do this, you estimate that you will need $ 3 5

you plan on buying some property in Florida 11 years from today. To do this, you estimate that you will need $35 comma 000 at that time for the purchase. You would like to accumulate these funds by making equal annual deposits in your savings account, which pays 7 percent annually. If you make your first deposit at the end of this year, and you would like your account to reach $35 comma 000 when the final deposit is made, what will be the amount of your deposits?

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