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You want to have $74,000 in your savings account 11 years from now, and youre prepared to make equal annual deposit into the account at
You want to have $74,000 in your savings account 11 years from now, and youre prepared to make equal annual deposit into the account at the end of each of the next 11 years. If the account pays 6.30 percent interest, what amount must you deposit each year?
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