Question: the answer must be clear and need typed answer Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. HINT

the answer must be clear and need typed answer

Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. HINT [See Quick Example 2.] (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $70,000 in a fund paying 2% per year, with monthly payments for 5 years

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