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You want to have $44,000 in your savings account 7 years from now, and you're prepared to make equal annual deposits into the account at
You want to have $44,000 in your savings account 7 years from now, and you're prepared to make equal annual deposits into the account at the end of each year. (ch.6)
Required: |
If the account pays 6.9 percent interest, what amount must you deposit each year? |
rev: 09_17_2012
$6,285.71 | |
$3,035.98 | |
$5,099.90 | |
$8,138.92 | |
$3,036.01 |
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