I need to find the formula for this question?
$102,828 needs to be accumulated for tuition. Equal year-end deposits are made in a savings account for the next 15 years. The savings account pays 13.29 percent per year, compounded annually. How much will each annual payment be?
Round the answer to two decimal places.
Hi there! Click one of our representatives below and we will get back to you as soon as possible.