Accumulate the given amount in annuity account

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Reference no: EM131873219

Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.)

$70,000 in a fund paying 5% per year, with monthly payments for 10 years.

Reference no: EM131873219

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