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Lisa Simpson wants to have $1 comma 800 comma 0001,800,000 in 5050 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 8.258.25
Lisa Simpson wants to have
$1 comma 800 comma 0001,800,000
in
5050
years by making equal annual end-of-the-year deposits into a tax-deferred account paying
8.258.25
percent annually. What must Lisa's annual deposit be?
The amount of Lisa's annual deposit must be
$nothing.
(Round to the nearest cent.)
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