Question: You plan to accumulate $ 2 7 0 , 0 0 0 over a period of 1 9 years by making equal annual deposits in

You plan to accumulate $270,000 over a period of 19 years by making equal annual deposits in an account that pays an annual interest rate of 12%(assume all payments will occur at the beginning of each year). What amount must you deposit each year to reach your goal?

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