Lisa Simpson want to have $1,000,000 in 45 years by making equal annual end-of-the-year deposits into a tax deferred account paying 9.50 % annually. What must Lisa's annual deposit be?

Que: The amount of Lisa's annual deposit must be ?

P6-34 (similar to) (Related to Checkpoint 6.1) (Annuity payments) Lisa Simpson wants to have $1,000.000 in 45 years by making equal annual end-of-the-year depodts into a tax deferred account paying 9.50 percent annualy The amount of Lisa's annual deposit must be S (Round to the nearest cent)