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Irene plans to retire on January 1, 2020. She has been preparing to retire by making annual deposits, starting on January 1, 1980, of 2100
Irene plans to retire on January 1, 2020. She has been preparing to retire by making annual deposits, starting on January 1, 1980, of 2100 dollars into an account that pays an effective rate of interest of 9.7 percent. She has continued this practice every year through January 1, 2001. Her goal is to have 1.3 million dollars saved up at the time of her retirement. How large should her annual deposit be (from January 1, 2002 until January 1, 2020) so that she can reach her goal?
HW19: Problem 6 Problem ListN Previous Problem Next Problem Results for this submission Entered Result Answer Preview 368.390 368.390 incorrect The answer above is NOT correct (1 point Irene plans to retire on January 1,2020. She has been preparing to retire by making annual deposits, starting on January 1, 1980, o 2100 dollars into an account that pays an effective rate of interest of 9.7 percent. She has continued this practice every year through January 1, 2001. Her goal is retirement. How large should her annual deposits be (from January 1, 2002 until January 1, 2020) so that she can reach her goal? Answer# | 368.39 to have 1.3 million dollars saved up at the time of her dollars. Preview My AnswersSubmit Answers Your score was recorded You have attempted this problem 2 times. You received a score of 0% for this attempt. Your overall recorded score is 0% You have unlimited attempts remaining Page generated at 04/17/2019 at 07:15pm EDT WeBWorK O 1996-2018| theme: math4 I ww.version: WeBWorK-2.14 pg.version PG-2.14 TheStep by Step Solution
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