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Pam Beesly is 39 years old today and she wishes to accumulate $513,000 by her 63 rd birthday so she can retire. She wishes to
Pam Beesly is 39 years old today and she wishes to accumulate $513,000 by her 63 rd birthday so she can retire. She wishes to accumulate this amount by making equal deposits on her 39 th through her 62 th birthdays. What annual deposit must Pam 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 0 decimal places, e.g. 458,581.) Pam must make an annual deposit of $
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