You want to have $75,000 in your savings account 12 years from now, and you’re prepared to make equal annual deposits into the account at the end of…
You want to have $75,000 in your savings account 12 years from now, and you’re prepared to make equal annual deposits into the account at the end of each year. If the account pays 6.8 percent interest, what amount must you deposit each year?
Leave a Reply
Want to join the discussion?Feel free to contribute!