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( Annuity payments ) To pay for your child's education, you wish to have accumulated $ 1 9 comma 0 0 0 at the end

(Annuity payments)To pay for your child's education, you wish to have accumulated $19 comma 000 at the end of 8 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 12 percent compounded annually, how much must you deposit each year to obtain your goal?

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