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Rob Herndon, an accountant with Southwest Airlines, wants to retire 50% of Southwest Airlines bonds by 2028. Calculate the payment Rob needs to make
Rob Herndon, an accountant with Southwest Airlines, wants to retire 50% of Southwest Airlines bonds by 2028. Calculate the payment Rob needs to make at the end of each year at 5% compounded annually to reach his goal of paying off $430,000 in 10 years. (Use Table 13.3.) (Do not round intermediate calculations.) Annual payment required
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