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SHOW ALL WORK N,I/Y,PV,PMT,FV Your daughter is born today, and you want her to be a millionaire by the time she is 35 years old.

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WORK N,I/Y,PV,PMT,FV image text in transcribed
Your daughter is born today, and you want her to be a millionaire by the time she is 35 years old. You open an investment account that promises to pay 16% per year. How much money must you deposit each year, starting on her 1 st birthday and ending on her 35 th birthday, so your daughter will have $1,000,000 by her 35 th birthday

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