Olivia plans to make 25 annual contributions to a college saving account, with the first contribution to be made 1 year from today. There will be four annual withdrawals of $90753 starting at the end of year 22. Calculate the required size of the annual contributions if the interest rate is 2.04%."

Answer rating: 100% (QA)

Step 11 Step 1 An ordinary annuity is a cash flow made at the end ... View the full answer