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Assume that you want to make annual deposits in order to save $3 million in 40...

Assume that you want to make annual deposits in order to save $3 million in 40 years, and you can achieve a 13% annual interest rate. Also assume that you can increase your annual deposit by 5% each year (first increase occurs in year 2).
What is your initial deposit amount (end of first year)

please help with show work. I got 9,010.76. Thanks

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