Question
(Annuity payments)Lisa Simpson wants to have $ 1,600,000 in 35 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 8.00 percent annually.
(Annuity payments)Lisa Simpson wants to have $ 1,600,000 in 35 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 8.00 percent annually. What must Lisa's annual deposit be? The amount of Lisa's annual deposit must be $ ____.
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Cost Benefit Analysis
Authors: Harry F. Campbell, Richard P.C. Brown
3rd Edition
1032320753, 9781032320755
