How much will each annual payment be

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Reference no: EM131514895

You need to accumulate $96,959 for your son's education. You have decided to place equal year-end deposits in a savings account for the next 13 years. The savings account pays 3.79 percent per year, compounded annually. How much will each annual payment be? Round the answer to two decimal places.

Reference no: EM131514895

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