You need to accumulate 91234 for your sons education you, Finance Basics

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You need to accumulate 91234 for your sons education you

Question: You need to accumulate $91,234 for your son's education. You have decided to place equal year-end deposits in a savings account for the next 10 years. The savings account pays 4.30 percent per year, compounded annually. How much will each annual payment be? Round the answer to two decimal places.

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Finance Basics: You need to accumulate 91234 for your sons education you

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