Question
You need to accumulate $63,223 for your son's education. You have decided to place equal year-end deposits in a savings account for the next 12
You need to accumulate $63,223 for your son's education. You have decided to place equal year-end deposits in a savings account for the next 12 years. The savings account pays 12.83 percent per year, compounded annually.How much will each annual payment be?
Round the answer to two decimal places.
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Practical Financial Management
Authors: William R. Lasher
7th edition
128560721X, 9781133593669, 1133593682, 9781285607214, 978-1133593683
