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(Solved): How much must be deposited at the beginning of each year in an account that pays 7%, compounded annu ...



How much must be deposited at the beginning of each year in an account that pays

7%

, compounded annually, so that the account will contain

$28,000

at the end of 8 years? (Round your answer to the nearest cent.) $ Need Help? (Please make sure its correct)

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