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Hello! I am looking for help on the problem I got wrong and problem 6! Thank you! Score on last try: 0 of 4 pts.
Hello!
I am looking for help on the problem I got wrong and problem 6!
Thank you!
Score on last try: 0 of 4 pts. See Details for more. Get a similar question You can retry this question below Darius and Cassandra (a mathematician) want to save for their granddaughter's college fund. They will deposit 12 equal yearly payments to an account earning an annual rate of 9%, which compounds annually. Four years after the last deposit, they plan to withdraw $34,800 once a year for five years to pay for their granddaughter's education expenses while she is in college. How much do their 12 yearly payments need to be to meet this goal? Answer = $ 39655.71 Question Help: D Video Submit Question Question 6 0/4 pts 5 3 2 0 Details Emma and Mark plan to send their son to university. To pay for this they will contribute 11 equal yearly payments to an account bearing interest at the APR of 2%, compounded annually. Five years after their last contribution, they will begin the first of five, yearly, withdrawals of $56,500 to pay the university's bills. How large must their yearly contributions be? $ SubmitStep by Step Solution
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