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A company wants to have 800 million dolars available 9 years from now to finance the production of an electronic brain that will control the

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A company wants to have 800 million dolars available 9 years from now to finance the production of an electronic brain that will control the electronic devices in your home. The company plans to deposit 12 million dolars now and expects to deposit uniformly decreasing amounts of money each 6-month period to meet its goal. If the amount deposited at the end of year 1 is 85 million dolars, how much will the constant decrease have to be each year: The investment account grows at a rate of 16 % per year with no interperiod interest. A company wants to have 800 million dolars available 9 years from now to finance the production of an electronic brain that will control the electronic devices in your home. The company plans to deposit 12 million dolars now and expects to deposit uniformly decreasing amounts of money each 6-month period to meet its goal. If the amount deposited at the end of year 1 is 85 million dolars, how much will the constant decrease have to be each year: The investment account grows at a rate of 16 % per year with no interperiod interest

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