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You want to buy your partner a painting for their 50th birthday which is in 6 years time. Your partner's favourite artist currently sells their...

You want to buy your partner a painting for their 50th birthday which is in 6 years time. Your partner's favourite artist currently sells their paintings for $35672. An art valuer believes that the price of this artist's work will increase by 4.1% per year until you are ready to buy. If you can presently invest to earn 13 % (after-tax), how much must you invest at the end of each year to be able to purchase the painting on their 50th birthday?

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