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You wish to save annually an amount increasing at a constant rate of 3.6%, and you wish to accumulate $100,000 in 4 years. If you

You wish to save annually an amount increasing at a constant rate of 3.6%, and you wish to accumulate $100,000 in 4 years. If you can earn 5.3% compounded annually on your savings, how much should your first end-of-year amount saved be?

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