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You plan to accumulate $271,000 over a period of 22 years by making equal annual deposits in an account that pays an annual interest

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You plan to accumulate $271,000 over a period of 22 years by making equal annual deposits in an account that pays an annual interest rate of 10% (assume all payments will occur at the end of each year). What amount must you deposit each year to reach your goal? $33,291.26 $3,450.34 $3,795.37 $47,373.46 $3,036.30

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