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Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. HINT (See Quick Example 2.1 (Assume end-of-period deposited compounding at

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Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. HINT (See Quick Example 2.1 (Assume end-of-period deposited compounding at the same Intervals as deposits Round your answer to the nearest cont.) $70,000 in a fund paying 3% per year with monthly payments for 10 years, if the fund contains $20,000 at the start

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