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How much money must be deposite at the end of each year

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Reference no: EM132459211

Problem : Assume interest is earned at the rate of 15 percent compounded annually.

Question 1: How much money must be deposited at the end of each year if the objective is to accumulate $250,000 after 10 years? $ ?

Question 2: How much is earned?

Reference no: EM132459211

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