How much must you deposit each year to obtain goal

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To pay for your? child's education, you wish to have accumulated ?$17,000 at the end of 15 years.

To do? this, you plan to deposit an equal amount into the bank at the end of each year.

If the bank is willing to pay 14 percent compounded? annually, how much must you deposit each year to obtain your? goal?

Reference no: EM132813972

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