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Mathematics, 28.08.2021 04:00 connermichaela

You plan to buy some property in Florida 9 years from today. To do​ this, you estimate that you will need ​$30,000 at that time. You would like to accumulate these funds by making equal annual deposits into your savings​ account, which pays 13 percent annually. If you make your first deposit at the end of this​ year, and you would like your account to reach ​$30,000 when the final deposit is​ made, how much will you have to deposit into the account​ annually? The amount of money you will have to deposit into the account annually is ​?

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