Question
You need to accumulate $72,133 for your son's education. You have decided to place equal year-end deposits in a savings account for the next 17
You need to accumulate $72,133 for your son's education. You have decided to place equal year-end deposits in a savings account for the next 17 years. The savings account pays 8.14 percent per year, compounded annually.How much will each annual payment be?
Round the answer to two decimal places.
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
