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How much must you deposit each year to obtain your? goal

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To pay for your? child's education, you wish to have accumulated ?19,000 at the end of 8 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 12 percent compounded? annually, how much must you deposit each year to obtain your? goal?

Reference no: EM132384733

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