What payment, made at the end of each year for 13 years, will accumulate to $11,300...

 

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What payment, made at the end of each year for 13 years, will accumulate to $11,300 at 11% compounded monthly? The required annual payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) What payment, made at the end of each year for 13 years, will accumulate to $11,300 at 11% compounded monthly? The required annual payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)