Question
(Annuity payments) Lisa Simpson wants to have $1,800,000 in 40 years by making equal annualend-of-the-year deposits into atax-deferred account paying 11.00 percent annually. What mustLisa's
(Annuity payments)Lisa Simpson wants to have $1,800,000 in 40 years by making equal annualend-of-the-year deposits into atax-deferred account paying 11.00 percent annually. What mustLisa's annual depositbe?
The amount ofLisa's annual deposit must be $. (Round to the nearestcent.)
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
