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You need to accumulate 115557 for your sons education you

Question: You need to accumulate $115,557 for your son's education. You have decided to place equal year-end deposits in a savings account for the next 7 years. The savings account pays 5.00 percent per year, compounded annually. How much will each annual payment be?

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Finance Basics: You need to accumulate 115557 for your sons education you

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Finance Basics: You need to accumulate 115557 for your sons education you

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