Assume that you wish to make annual deposits into a savings account. The interest rate...
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Finance
Assume that you wish to make annual deposits into a savings account. The interest rate offered by the bank is 12%, and you plan to save for the next 15 years. If your goal is for the present value of your savings to be equal to $3,203, how much money must you deposit every year?
Enter your answer in dollars, rounded to the nearest cent (2 decimals).
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