You plan on buying yourself a retirement cabin in the Rocky Mountains 40 years from now. At an interest rate of 6 percent per year, how much must you invest each year (equal annual amounts beginning next year) to have $156,000 in your cabin fund in 40 years?

, y Assignment 1 (4) - , Calibri (EX) v 14 "A y 27 ch , . BIU cle AY y Try %> y | TextBox 5: X fx A B C D G H K E F I J 277 278 279 280 281 Problem 15 282 You plan on buying yourself a retirement cabin in the Rocky Mountains 40 years from now. At an interest rate of 6 percent per year, how much 283 must you invest each year (equal annual amounts beginning next year) to have $156,000 in your cabin fund in 40 years? 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 Problem 16 Problems + 150%