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Compute the pmt for annual deposit

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Compute the PMT for annual deposit. You want to have $75,000 in your savings account 12 years from now, and you're prepared to make equal annual deposits into the account a the end of the year. If the account pays 6.8 percent interest, what amount must you deposit each year?

Desired amount. $75,000

# of years 12

Interest rate 6.8%

Complete the following analysis. Do not hard core the answers. Answer should be positive value.

Reference no: EM132764561

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