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(Related to Checkpoint 6.1)(Annuity payments)Lisa Simpson wants to have $ in years by making equal annual end-of-the-year deposits into a tax-deferred account paying percent annually.
(Related to Checkpoint 6.1)(Annuity payments)Lisa Simpson wants to have $ in years by making equal annual end-of-the-year deposits into a tax-deferred account paying percent annually. What must Lisa's annual deposit be? The amount of Lisa's annual deposit must be $ ?. (Round to the nearest cent.)
Lisa Simpson wants to have
$1,700,000
in
45
years by making equal annual end-of-the-year deposits into a tax-deferred account paying
9.00
percent annually. What must Lisa's annual deposit be?
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