Question
Lisa Simpson wants to have $1, 300, 000 in 30 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 10.75 percent annually.
Lisa Simpson wants to have
$1, 300, 000 in 30 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 10.75 percent annually.
What must Lisa's annual deposit be?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
324422870, 324422873, 978-0324302691
