How much should she deposit at the end of each year

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Question - Nancy would like to accumulate A by the end of B years from now to buy a sports car from her friend, Jim. She has $2,500 new 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 in an account paying 8 percent interest to buy the car?

Reference no: EM133273834

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