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Compute how much will each annual payment be

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Finance: How much will each annual payment be Using FV or PV

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You need to accumulate $81,972 for your son's education. You have decided to place equal year-end deposits in a savings account for the next 7 years. The savings account pays 13.24 percent per year, compounded annually. How much will each annual payment be?

Reference no: EM131379280

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