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Debra Jem Debra Jem
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4 years ago
Xiao Xin is planning to accumulate $40,000 by the end of 5 years by making 5 equal annual deposits. If she plans to make her first deposit today and can earn an annual compound rate of 9 percent on her investment, how much must each deposit be in order to accumulate the $40,000?
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Educator
4 years ago
Hi Debra Jem

Answer found here: https://biology-forums.com/index.php?topic=575896.0
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