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Deshaun plans to set aside money for his young daughters college tuition. he will deposit money in an ordinary annuity that earns 4.8% interest, compounded
Deshaun plans to set aside money for his young daughters college tuition. he will deposit money in an ordinary annuity that earns 4.8% interest, compounded quarterly. deposits will be made at the end of each quarter.
Deshaun plans to set aside money for his young daughter's college tuition. He will deposit money in an ordinary annuity that earns 4.8% interest, coinpounifed quarterly. Doposits will be made at the end of each quarter. How much money does he need to deposit into the annuity each quarter for the annuity to have a total value of 573,000 after 14 years? Do not round intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of finandat formulas how much money does he need to deposit into the annuity each quarter for the annuity to have a total value of 73000 after 14 yrs?
do not round intermediate computations and round your final answer to the nearest cent 
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The Fiscal Impact Handbook
Authors: David Listokin
1st Edition
1138535672, 978-1138535671
