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# To pay for your childs education, you wish to have accumulated $14,000 at the end of 10 years. If, you plan to deposit an equal amount in the bank at...

To pay for your childs education, you wish to have accumulated $14,000 at the end of 10 years. If, you plan to deposit an equal amount in the bank at the end of each year. If the bank is willing to pay 13 percent compounded annually how much must you deposit each each to obtain your goal?

The amount of money you must deposit each year in order to obtain your goal is?