(a) What is the amount of the payments that Newman must make at the end of each of 12 years to accumulate a fund of $188,800 by the end of the 12th year, if the fund earns 9% interest, compounded annually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) Payment at the end of each year $ Save for Later Attempts: 0 of 1 used Submit