you need to accumulate $92,774 for your son’s education. You have decided to place equal year-end deposits in a savings account for the next 5 years. The savings account pays 7.02 % per year, compounded annually. How much will each annual payment be? Round to two decimal places.
you need to accumulate $92,774 for your son’s education. You have
decided to place equal year-end deposits in a savings account for the next 5 years. The savings account pays 7.02 % per year, compounded annually. How much will each annual payment be? Round to two decimal places.
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