You want to have $62,000 in your savings account 3 years from now, and you're prepared to make equal annual deposits into the account at the end of each year.

Required:

If the account pays 6.3 percent interest, what amount must you deposit each year?

rev: 09_17_2012

	$22,988.72
	$19,417.66
	$3,906.04
	$20,666.67
	$3,905.94