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Laura is 40 years old today and she wishes to accumulate $2,440,000 by her sixty...

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Accounting

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Laura is 40 years old today and she wishes to accumulate $2,440,000 by her sixty fifth birthday so she can retire to a beach in Florida. She wishes to accumulate this amount by making equal deposits on her fortieth through her sixty fourth birthdays. Clickhere tovew factor tables Compute the annual deposit Laura must make if the fund will eam 4 s. interest compounded annually. (Round foctor vaiues to 5 decimol ploces, eg. 1.25124 and final answer to 0 decimal ploces, es. 458,591) Annual deposit Attempts: 0 of 1 used

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