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How much must deposit each year to obtain? goal

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Problem 1: To pay for your? child's education, you wish to have accumulated ?$17,000 at the end of 8 years. 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 6 percent compounded? annually, how much must you deposit each year to obtain your? goal?

Reference no: EM132818245

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