(Annuity payments) To pay for your? child's education, you wish to have accumulated $13,000 at the end of 15years. To do? this, you plan to deposit an equal amount into the bank at the end of each year. If the bank is willing to pay 9% compounded? annually, how much must you deposit each year to obtain your? goal?
The amount of money you must deposit each year in order to obtain your goal is $? (round to the nearest cent)
?(Round to the nearest? cent.)