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**Please use numbers given** Thank you in advance!! :) (Related to Checkpoint 6.1) (Annuity payments) Lisa Simpson wants to have $1,100,000 in 60 years by

**Please use numbers given** Thank you in advance!! :)

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(Related to Checkpoint 6.1) (Annuity payments) Lisa Simpson wants to have $1,100,000 in 60 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 9.50 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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