Question: Dr. J. wants to buy an IBM personal computer, which will cost $2,788 four years from today. He would like to set aside an equal

Dr. J. wants to buy an IBM personal computer, which will cost $2,788 four years from today. He would like to set aside an equal amount at the end of each year in order to accumulate the amount needed. He can earn 7% annual return. How much should he set aside?

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