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You want to buy a cabin at retirement in 21 years. You have shopped around and predict that a cabin to your liking will cost
You want to buy a cabin at retirement in 21 years. You have shopped around and predict that a cabin to your liking will cost $525,418 in 21 years. What is the annual investment you need to make at the end of the FIRST year if you expect to earn 9.93% annually on your savings and plan to increase your investment every year by 5% ? Enter answer as positive number, rounded to the closest dollar
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