### How much will she have to invest annually to reach target

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Jane Ogden wants to save for a trip to Australia. She will need \$12,000 at the end of four years. She can invest a certain amount at the beginning of each of the next four years in a bank account that will pay her 6.8 percent annually. How much will she have to invest annually to reach her target?

a.\$2,538

b.\$2,711

c.\$3,000

d.\$2,980

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