Question: Modified example: The company needs $350,000 to pay a debt four years from now. The company will accumulate the fund by making four equal

Modified example: The company needs $350,000 to pay a debt four years

Modified example: The company needs $350,000 to pay a debt four years from now. The company will accumulate the fund by making four equal annual deposits into an account paying 8% interest. How much is the required annual deposit if the first deposit is at the end of the first year? Round to the nearest whole dollar.

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