Question: Allen plans to start saving 4 years from today and will make 13 equal annual savings payments into an account that pays 6.35% p.a. How

Allen plans to start saving 4 years from today and will make 13 equal annual savings payments into an account that pays 6.35% p.a. How much must he deposit each year if he wants to have $270,000 saved in he future when he makes his last payment.

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