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You would like to accumulate $ 1 5 , 5 0 0 by the end of three years from now to buy a used car.
You would like to accumulate $ by the end of three years from now to buy a used car. You have $ now and would like to save equal annual endofyear deposits to pay for the car. How much should you deposit at the end of each year in an account paying eight percent interest to buy the car?
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