You need to accumulate $82,130 for your son's education. You have decided to place equal year-end deposits

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You need to accumulate $82,130 for your son's education. You have decided to place equal year-end deposits in a savings account for the next 6 years. The savings account pays 6.13 percent per year, compounded annually.How much will each annual payment be?

Round the answer to two decimal places.

Posted Date: May 19, 2024 06:05 AM

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You need to accumulate $82,130 for your son's education. You have decided to place equal year-end deposits

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