Reaching a Financial Goal

You need to accumulate $$10,000.$ To do so$,$ you plan to make deposits of $$1,400$ per year $-$ with the first payment being made a year from today $-$ into a bank account that pays

$11\%$ annual interest. Your last deposit will be less than $$1,400$ if less is needed to round out to $$10,000.$ How many years will it take you to reach your $$10,000$ goal? Do not round

intermediate calculations. Round your answer up to the nearest whole number.

year$($s$)$

How large will the last deposit be$?$ Do not round intermediate calculations. Round your answer to the nearest cent.

$

Continue without saving