Question
(Annuity payments)Lisa Simpson wants to have $1 ,300,000 in 45 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 10.00 percent annually.
(Annuity payments)Lisa Simpson wants to have $1 ,300,000 in 45 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 10.00 percent annually. What must Lisa's annual deposit be? The amount of Lisa's annual deposit must be $ ...... Answer to be (Round to the nearest cent.)
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
5th Edition
0078034663, 978-0078034664
