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You wish to accumulate $8,000 by making equal, end-of-year deposits over the next 5 years. If you can earn 7% on your investment, how much

You wish to accumulate $8,000 by making equal, end-of-year deposits over the next 5 years. If you can earn 7% on your investment, how much must you deposit at the end of each year to meet this goal?

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