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(Related to Checkpoint 6.1) (Annuity payments) Lisa Simpson wants to have $1,100,000 in 30 years by making equal annual end-of-the-year deposits into a tax-deferred account

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(Related to Checkpoint 6.1) (Annuity payments) Lisa Simpson wants to have $1,100,000 in 30 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 8.75 percent annually. What must Lisa's annual deposit be? The amount of Lisa's annual deposit must be SD (Round to the nearest cent) The amount of Lisa's annual deposit must be S. (Round to the nearest cent.) Enter your answer in the answer box Previous QuestionNext Question Submit Test 12:55 PM 1/28/2016

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