Sara has just graduated from college. She has determined that to purchase a home in 13 years she … Assignment Help

  

Show transcribed image text Sara has just graduated from college. She has determined that to purchase a home in 13 years she needs to accumulate exist23,900 for a down payment. If Sara can earn 6% per year on her savings, what is the amount of the annual annuity payment that Sara must make at the end of each year for 13 years? Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 25.25.) Amount of the annual annuity payment exist

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