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Are you plan to buy some property in Florida six years from today. To do this, you estimate that you will need $25,000 at that
Are you plan to buy some property in Florida six years from today. To do this, you estimate that you will need $25,000 at that time. You would like to accumulate these funds by making equal annual deposit into your savings account, which pays 13% annually. If you make your first deposit at the end of this year, and you would like your account to reach $25,000 when they found a deposit is made, how much will you have to deposit into the account annually?
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