Aassuming an annual interest rate

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If you need $6,000 5 years from now, how much of a deposit must you make in your savings account each year, assuming an 8% annual interest rate?

Reference no: EM132370982

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Aassuming an annual interest rate : If you need $6,000 5 years from now, how much of a deposit must you make in your savings account each year, assuming an 8% annual interest rate?
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