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You plan to accumulate $343,000 over a period of 5 years by making equal annual deposits in an account that pays an annual interest rate

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You plan to accumulate $343,000 over a period of 5 years by making equal annual deposits in an account that pays an annual interest rate of 13% (assume all payments will occur at the beginning of each year). What amount must you deposit each year to reach your goal? $264,915.15 $52,929.89 $186,166.66 $46,840.61 $41,219.74

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