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Sally Mander would like to save $200,000 over the next 15 years. She will assume...

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Finance

Sally Mander would like to save $200,000 over the next 15 years. She will assume that her account will earn 8% annually. If Sally decides to make annual end of year deposits, how much would she need to deposit annually?

Group of answer choices

$4,743

$6,132

$7,366

$8,098

Answer & Explanation Solved by verified expert
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