Determine the amount of the equal-annual

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Reference no: EM13871097

Determine the amount of the equal, annual, end-of year deposits necessary to accumulate the given sum at the end of the specified period, assuming the stated annual interest rate.

Sum to be accumulated: $148,000

Accumulation period (years): 10

Interest Rate: 7%

The amount of the end of year annual deposit is $___ (round to the nearest cent)

Reference no: EM13871097

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