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You want to accumulate $5,000 by the time you graduate four years from now for a skiing trip in the Rockies. You plan to

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You want to accumulate $5,000 by the time you graduate four years from now for a skiing trip in the Rockies. You plan to deposit an equal amount at the end year between now and then into a savings account that earns 7% compounded annually. What must be the size of each annual deposit for you to reach your goal?

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