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How much should deposit at the end of each year in account

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Question 1: Nancy would like to accumulate $10,000 by the end of 3 years from now to buy a sportscar from her friend, Jim. She has $2,500 now and would like to save equal annual end-of-year deposits to pay for the car. How much should she deposit at the end of each year inan account paying 8 percent interest to buy the car

Reference no: EM132505780

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