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You plan to accumulate $ 214,000 over a period of 18 years by making equal annual deposits in an account that pays an annual interest

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You plan to accumulate $ 214,000 over a period of 18 years by making equal annual deposits in an account that pays an annual interest rate of 11% (assume all payments will occur at the end of each year). What amount must you deposit each year to reach your goal? $3,366.49 $3,825.56 $32,703.95 $46,537.71 $4,246.37

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