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payment will be made at the end of the year. a. How much must you deposit annually to accumulate this amount? b. If you decide
payment will be made at the end of the year. a. How much must you deposit annually to accumulate this amount? b. If you decide to make a large lump-sum deposit today instead of the annual deposits, how large should this lump-sum deposit be? (Assume you can earn 6 percent on this deposit.) your goal? (Again assume you can earn 6 percent on this deposit.) a. How much must you deposit annually to accumulate $41,000 in 15 years? $ (Round to the nearest cent.) b. If you decide to make a large lump-sum deposit today instead of the annual deposits, how large should this lump-sum deposit be? (Assume you can earn 6 percent on this deposit.) $ (Round to the nearest cent.) your goal? (Again assume you can earn 6 percent on this deposit.) (Round to the nearest cent.) payment will be made at the end of the year. a. How much must you deposit annually to accumulate this amount? b. If you decide to make a large lump-sum deposit today instead of the annual deposits, how large should this lump-sum deposit be? (Assume you can earn 6 percent on this deposit.) your goal? (Again assume you can earn 6 percent on this deposit.) a. How much must you deposit annually to accumulate $41,000 in 15 years? $ (Round to the nearest cent.) b. If you decide to make a large lump-sum deposit today instead of the annual deposits, how large should this lump-sum deposit be? (Assume you can earn 6 percent on this deposit.) $ (Round to the nearest cent.) your goal? (Again assume you can earn 6 percent on this deposit.) (Round to the nearest cent.)
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