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( Annuity payments ) You plan to buy property in Florida 6 years from today. To do this, you estimate that you will need $
Annuity payments You plan to buy property in Florida years from today. To do this, you estimate that you will need $ at that time for the purchase. You would like to accumulate these funds by making equal annual deposits into your savings account, which pays percent annually. If you make your first deposit at the end of this year, and you would like your account to reach $ when the final deposit is made, what amount do you need to deposit annually?The amount you need to deposit annually isRound to the nearest cent.
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