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Question 30 of 35 -/3 E View Policies Current Attempt in Progress Lisais 40...

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Accounting

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Question 30 of 35 -/3 E View Policies Current Attempt in Progress Lisais 40 years old today and she wishes to accumulate $2,000,000 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. Click here to view factor tables Compute the annual deposit Lisa must make if the fund will earn 8% interest compounded annually. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to decimal places, eg. 458,581) Annual deposit $ Save for Later Attempts: 0 of 1 used Submit

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