question archive Find the periodic payments PMT necessary to accumulate the given amount in an annuity account

Find the periodic payments PMT necessary to accumulate the given amount in an annuity account

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Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.)$70,000 in a fund paying 3% per year, with quarterly payments for 20 years

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