You want to have $69,000 in your savings account 9 years from now, and you're prepared to make equal annual deposits into the account at the end of each year.The appropriate discount rate for the following cash flows is 13 percent compounded quarterly.

You want to have $69,000 in your savings account 9 years from now, and you're prepared to make equal annual deposits into the account at the end of each year. Required: If the account pays 7.3 percent interest, what amount must you deposit each year