Question
Annuity payments)Lisa Simpson wants to have $1, 600,000 in 40 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 11.00 percent annually.
Annuity payments)Lisa Simpson wants to have $1, 600,000 in 40 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 11.00 percent annually. What must Lisa's annual deposit be? The amount of Lisa's annual deposit must be $____ (Round to the nearest cent.)
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Fundamentals Of Futures And Options Markets
Authors: John Hull
9th Edition
0134083245, 9780134083247
