A person deposits an annual amount into a savings account that decreases at a constant rate of $ 500 per year. The size of the first deposit made is $ 10,000 and the last one is $ 5,500. If the savings account earns 15% per year, how large must a constant annual deposit be for the same amount of time so that the accumulated amount is the same? Show the flow chart
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here