Question: For the case shown in the following table, determine the amount of the equal, end-of-year deposits necessary to accumulate the given sum at the end

For the case shown in the following table,

determine

the amount of the equal, end-of-year deposits necessary to accumulate the given sum at the end of the specified period, assuming the stated annual interest rate.(Click on the icon here

in order to copy the contents of the data table below into a spreadsheet.)

Sum to be

accumulated

Accumulation

period (years)

Interest rate

$95,500

The amount of the end-of-year annual deposit is

(Round to the nearest cent.)

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