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You want to have $ 7 5 , 0 0 0 on your bank account 1 1 years from now. You want to deposit the
You want to have $ on your bank account years from now. You want to deposit the same amount every year, starKng at the end of this year, and you can earn per year on your savings.
a What would be your annual deposit?
b Say that you make the first deposit today and the last one in years, what
would be your annual deposit? Does it increase or decrease and why?
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