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(Soiving for PMT of an annuity) To pay for your childs education, you wish to have accumulated $10,000 at the end of 8 years. To

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(Soiving for PMT of an annuity) To pay for your childs education, you wish to have accumulated $10,000 at the end of 8 years. To do this, you plan on deposing an equal amount into the bark at the end of each year. If the bank is wiling to pay 15 percent compounded annanlly, how much mutt you doposit each year to reach your poal? To reach your goal, your annual depesit must be $ (Round to the nearest cent.)

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