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Your friend just turned 2 5 years old today, and she is planning to retire when she turns 6 5 . She would like to
Your friend just turned years old today, and she is planning to retire when she turns She would like to withdraw from her bank account annually starting on her birthday until her th birthday, inclusive. To support her needs, she will be making annual deposits into her bank account during her preretirement period. The first deposit will be on her birthday, and the last deposit will be on her th birthday. The interest rate of the bank account is per year. How much will your friend have to deposit every year during her preretirement period to support her postretirement needs? Show your calculations.
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