a. How much must Katie Wilson set aside each year to accumulate $80,000 after 15 years? The
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a. How much must Katie Wilson set aside each year to accumulate $80,000 after 15 years? The interest rate is 10 percent.
b. How much must Josh Thompson repay each year for five years to pay off a $20,000 loan that he just took out? The interest rate is 8 percent.
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