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You want to save $98,000.00 to buy an boat by making an equal, end of year payment into a brokerage account over the next 9
You want to save $98,000.00 to buy an boat by making an equal, end of year payment into a brokerage account over the next 9 years. If you expect to earn an annual effective interest rate of 7.75% on your account, how much do you need to deposit each year into your account?
$7,365 |
$7,253 |
$8,253 |
$8,063 |
$7,930 |
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