You need to accumulate $108,514 for your son's education. You have decided to place equal year-end deposits in a savings account for the next 17 years. The savings account pays 11.79 percent per year, compounded annually. How much will each annual payment be?

Answer rating: 100% (QA)

ANSWER To find the annual payment required to accumulate 108514 for your sons e... View the full answer