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Find how much do need to deposit at the beginning

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Problem 1: One of your goals is to start a business. You have estimated that this initial investment would be $ 75,000 and it would be 10 years from now; How much do you need to deposit at the beginning of each year in the next 10 years to accumulate the $ 75,000 if you can earn 10% per annum compounded quarterly on your deposits?

Reference no: EM132761614

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