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Stacy is 33 years old today and she wishes to accumulate $2,512,000 by her 65 th birthday so she can retire to a ski lodge
Stacy is 33 years old today and she wishes to accumulate $2,512,000 by her 65 th birthday so she can retire to a ski lodge in Colorado. She wishes to accumulate this amount by making equal deposits on her 33 th through her 64 th birthdays. What annual deposit must Stacy make if the fund will earn 8% interest compounded annually? (Round factor values to 5 decima (slaces, eg. 1.25124 and final answer to 0 decimal places, eg. 458,581.) Annual deposit $
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