Question: You need to accumulate $ 9 5 , 1 1 9 for your son's education. You have decided to place equal year - end deposits

You need to accumulate $95,119 for your son's education. You have decided to place equal year-end deposits in a savings account for the next 13 years. The savings account pays 4.83 percent per year, compounded annually. How much will each annual payment be?
Round the answer to two decimal places.
You need to accumulate $95,119 for your son's education. You have

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