Question: a ) Christopher wants to have $ 5 0 , 0 0 0 at the end of 1 0 years. To accumulate this sum, he

a) Christopher wants to have $50,000 at the end of 10 years. To accumulate this sum, he has decided to save a certain amount at the end of each of the next 10 years and deposit it in the bank. The bank pays 8 percent interest compounded annually for long-term deposits. How much will Christopher have to save at the end of each year

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