Question
(Annuity payments)Lisa Simpson wants to have $1,200,000 in 40 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 9.25 percent annually. What
(Annuity payments)Lisa Simpson wants to have $1,200,000 in 40 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 9.25 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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Corporate Finance With Connect Access Card
Authors: Stephen Ross ,Randolph Westerfield ,Jeffrey Jaffe
10th Edition
1259672484, 978-1259672484
