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What is the amount of the payments that John Winslow must make at the end of each of 9 years to accumulate a fund of
What is the amount of the payments that John Winslow must make at the end of each of 9 years to accumulate a fund of $96,300 by the end of the 9th year, if the fund earns 9% interest, compounded annually?
(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
Payment at the end of each year | $ |
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