Question: You will need to buy a replacement computer, costing $ 3 0 0 0 , in five years time. If you have a bank account

You will need to buy a replacement computer, costing $3000, in five years time. If you have a bank account which earns 8% annual interest, how much must you put in the bank every year in order to have enough money for the replacement, assuming you make your first deposit in a year's time?
Question 10 options:
$511
$597
$666
$675
$751

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