You need to accumulate 100078 for your sons education you


You need to accumulate $100,078 for your son's education. You have decided to place equal year-end deposits in a savings account for the next 5 years. The savings account pays 4.24 percent per year, compounded annually. How much will each annual payment be? Round the answer to two decimal places.

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Financial Management: You need to accumulate 100078 for your sons education you
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