Barry Sudduth has deposited ($28,367.61) in an account for his sons college education. The account yields a
Question:
Barry Sudduth has deposited \($28,367.61\) in an account for his son’s college education. The account yields a 5% interest rate. Barry's son is allowed to withdraw \($8,000.00\) at the end of each of the next four years.
Instructions:
Create a schedule that shows the payment oft his annuity over a four-year period.
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