Q 1 Question 1 You need to accumulate $114,480 for your son's education. You have decided to

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Question 1

You need to accumulate $114,480 for your son's education. You have decided to place equal year-end deposits in a savings account for the next 14 years. The savings account pays 6.88 percent per year, compounded annually.How much will each annual payment be?

Round the answer to two decimal places.

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Posted Date: Jun 27, 2024 02:16 AM

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Q 1 Question 1 You need to accumulate $114,480 for your son's education. You have decided to

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