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You want to have $32,000 in your savings account ten years from now, and youre prepared to make equal annual deposits into the account at
You want to have $32,000 in your savings account ten years from now, and youre prepared to make equal annual deposits into the account at the end of each year. Required: If the account pays 6.50 percent interest, what amount must you deposit each year? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
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