Acme Annuities recently offered an annuity that pays 4.5% compounded monthly. What equal monthly deposit should be made into this annuity in order to have $85,000 in 19 years? The amount of each...


Acme Annuities recently offered an annuity that pays 4.5% compounded monthly. What equal monthly deposit should be made into this annuity in order to have<br>$85,000 in 19 years?<br>The amount of each deposit should be $<br>(Round to the nearest cent.)<br>

Extracted text: Acme Annuities recently offered an annuity that pays 4.5% compounded monthly. What equal monthly deposit should be made into this annuity in order to have $85,000 in 19 years? The amount of each deposit should be $ (Round to the nearest cent.)

Jun 02, 2022
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