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You plan to accumulate $113,000 over a period of 11 years by making equal annual deposits in an account that pays an annual interest rate

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You plan to accumulate $113,000 over a period of 11 years by making equal annual deposits in an account that pays an annual interest rate of 15% (assume all payments will occur at the end of each year). What amount must you deposit each year to reach your goal? $4,640.80 $4,035.47 $24,288.58 $34,562.66 $3,551.22

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