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You plan to accumulate $448,000 over a period of 25 years by making equal annual deposits in an account that pays an annual interest rate

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You plan to accumulate $448,000 over a period of 25 years by making equal annual deposits in an account that pays an annual interest rate of 12% (assume all payments will occur at the end of each year). What amount must you deposit each year to reach your goal? $26,352.84 $2,999.99 $3,359.99 $37,500.09 $2,639.99

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