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Deposits to accumulate future sums For the case shown in the following table, determine the amount of the equal, end-of-year deposits necessary to accumulate the
Deposits to accumulate future sums For the case shown in the following table, determine the amount of the equal, end-of-year deposits necessary to accumulate the given sum at the end of the specified period, assuming the stated annual interest rate. (Click on the icon here e in order to copy the contents of the data table below into a spreadsheet.) Sum to be accumulated $114,700 Accumulation period (years) 17 Interest rate 11% The amount of the end-of-year annual deposit is $ (Round to the nearest cent.)
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