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13. thank you ! Assume that you wish to make annual deposits into a savings account. The interest rate offered by the bank is 12%,
13. thank you !
Assume that you wish to make annual deposits into a savings account. The interest rate offered by the bank is 12%, and you plan to save for the next 6 years. If your goal is for the present value of your savings to be equal to $3,800, how much money must you deposit every year? Enter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar sign. That means, for example, that if your answer is $127.5678, you must enter 127.57 Step by Step Solution
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