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QUESTION
You plan to accumulate $249,000 over a period of 6years by making annual deposits in an account that pays an annual interest rate of 15% (assume all...
You plan to accumulate $249,000 over a period of 6years by making annual deposits in an account that pays an annual interest rate of 15% (assume all payments will occur at the beginning of each year).what amount must you deposit each year to reach your goal?
