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Salma wants to have $179,000 in 8 years from today. She expects to earn a return of 12.6 percent per year. Salma plans to make
Salma wants to have $179,000 in 8 years from today. She expects to earn a return of 12.6 percent per year. Salma plans to make regular savings contributions of X per year for 8 years, with the first of these regular savings contributions made in 1 year from today. In addition, Salma expects to make a special savings contribution of $9,000 in 5 years from today. What is X, the amount of Salmas regular savings contribution?
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