question archive Nu-Tools plans to set aside an equal amount of money each year, starting today, so that it will have $25,000 saved at the end of three years

Nu-Tools plans to set aside an equal amount of money each year, starting today, so that it will have $25,000 saved at the end of three years

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Nu-Tools plans to set aside an equal amount of money each year, starting today, so that it will have $25,000 saved at the end of three years. If the firm can earn 4.7 percent, how much does it have to save annually?

$8.004 67

$25,000

$8, 333.33

$7.689.16

$7, 596.61

$8, 414.14

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