Question: Section 12.3 , 4. Need answers with step by step work. Require formula please (NO EXCEL). What payment made at the end of each year

Section 12.3 , 4.

Need answers with step by step work. Require formula please (NO EXCEL).

What payment made at the end of each year for 18 years will amount to $16 000 at 4.2% compounded monthly?

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