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You want to have $47,000 in your savings account 10 years from now, and you're prepared to make equal annual deposits into the account at
You want to have $47,000 in your savings account 10 years from now, and you're prepared to make equal annual deposits into the account at the end of each year. Required: If the account pays 6.5 percent interest, what amount must you deposit each year?
$6,615.49, $3,054.99, $3,482.92, $4,700.00, $3,055.01
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