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Lisa is 40 years old today and she wishes to accumulate $2,000,000 by her sixty-fifth birthday so she can retire to a beach in Florida.
Lisa is 40 years old today and she wishes to accumulate $2,000,000 by her sixty-fifth birthday so she can retire to a beach in Florida. She wishes to accumulate this amount by making equal deposits on her fortieth through her sixty-fourth birthdays. Click here to view factor tables Compute the annual deposit Lisa must make if the fund will earn 8% interest compounded annually. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) Annual deposit $
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