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( Annuity payments ) To pay for your child's education, you wish to have accumulated $ 1 4 , 0 0 0 at the end
Annuity payments To pay for your child's education, you wish to have accumulated $ at the end of years. To
do this, you plan to deposit an equal amount into the bank at the end of each year. If the bank is willing to pay percent
compounded annually, how much must you deposit each year to obtain your goal?
The amount of money you must deposit each year in order to obtain your goal is $Round to the nearest cent.
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