Question: 1 . You know you will need $ 2 5 , 0 0 0 at the end of 5 years. How much would you have

1. You know you will need $25,000 at the end of 5 years. How much would you have to deposit annually, starting at the end of the first year, into an account earning 10% to accumulate the needed amount?
a. $3,980
b. $4,095
c. $4,435
d. $4,973
e. $6,595
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