How much must you deposit each year to obtain your goal

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Reference no: EM132029953

Question: To pay for your child's education you wish to have accumulated $14,000 at the end of 10 years. To do this you plan to deposit an equal amount into the bank at the end of each year? It the bank is willing to pay 13 percent compounded annually how much must you deposit each year to obtain your goal? The amount to money you must deposit each year in order to obtain your goal is $

Reference no: EM132029953

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