If the account pays 630 percent interest what amount must, Financial Management

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If the account pays 630 percent interest what amount must

You want to have $77,000 in your savings account 11 years from now, and you’re prepared to make equal annual deposits into the account at the end of each year. If the account pays 6.30 percent interest, what amount must you deposit each year? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)

Annual deposit $

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