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How Much Would Need to Be Contributed Each Year for 30

question 81

Essay

How much would need to be contributed each year for 30 years to accumulate $1,300,000 assuming a return on the investments of 8 percent? Round to the nearest dollar if needed.
(a)$43,333
(b)$46,800
(c)$11,476
(d)$15,000


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