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How much will each annual payment be

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Question - How much will each annual payment be (Using FV or PV) You need to accumulate $87,317 for your son's education. You have decided to place equal year-end deposits in a savings account for the next 12 years. The savings account pays 4.76 percent per year, compounded annually. How much will each annual payment be?

Reference no: EM132820437

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