Question
Lisa Simpson wants to have $1,800,000 in 55 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 11.00 percent annually. What must
Lisa Simpson wants to have $1,800,000 in 55 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 11.00 percent annually. What must Lisa's annual deposit be?
The amount of Lisa's annual deposit must be (Round to the nearest cent.)
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International Financial Management
Authors: Cheol Eun, Bruce Resnick
7th Edition
0077861604, 9780077861605
