Solved: The savings account pays 492 percent per year compounded, Basic Computer Science

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The savings account pays 492 percent per year compounded

You need to accumulate $75,115 for your son's education. You have decided to place equal year-end deposits in a savings account for the next 14 years. The savings account pays 4.92 percent per year, compounded annually. How much will each annual payment be?

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Basic Computer Science: The savings account pays 492 percent per year compounded

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