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Lisa Simpson wants to have ​$1400000 30 years by making equal annual​ end-of-the-year deposits into a​ tax-deferred account paying 8.75 percent annually. What must​ Lisa’s annual deposit​ be?

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Lisa Simpson wants to have ​$1400000 30 years by making equal annual​ end-of-the-year deposits into a​ tax-deferred account paying 8.75 percent annually. What must​ Lisa’s annual deposit​ be?

 
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