You need to accumulate 72841 for your sons education you, Ask an Expert

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You need to accumulate $72,841 for your son's education. You have decided to place equal year-end deposits in a savings account for the next 18 years. The savings account pays 8.42 percent per year, compounded annually. How much will each annual payment be?

Round the answer to two decimal places.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91382204

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