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Bird's Cages wants to have $72,000 in their savings account 13 years from now, and they're prepared to make equal annual deposits into the account

Bird's Cages wants to have $72,000 in their savings account 13 years from now, and they're prepared to make equal annual deposits into the account at the end of each year. If the account pays 6.40 percent interest, what amount must they deposit each year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Multiple Choice

  • $3,644.96

  • $3,425.34

  • $3,416.08

  • $3,716.23

  • $3,505.93

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