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Your goal is to accumulate$500,000 in 15 years in a retirement account. In 5 years you will receive $100,000 from another source which you will
Your goal is to accumulate$500,000 in 15 years in a retirement account. In 5 years you will receive $100,000 from another source which you will immediately deposit into your retirement account. Your retirement account will earn 6.824% compounded quarterly. In addition to the $100,000 in 5 years, you plan to make equal annual deposits into your retirement account. How much must the equal annual deposits be in order for your retirement account to reach its goal
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