You have decided to place equal year-end deposits in a, Financial Management

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You have decided to place equal year-end deposits in a

You need to accumulate $96,762 for your son's education. You have decided to place equal year-end deposits in a savings account for the next 9 years. The savings account pays 6.10 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 have decided to place equal year-end deposits in a

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