You have already $5,000 in your savings account today. You want to have $50,000 in your savings account 10 years from today, and you are prepared to make equal annual deposits into the account at the...


You have already $5,000 in your savings account today. You want to have $50,000 in your savings account 10 years from today, and you are prepared to make equal annual deposits into the account at the end of each year. If the account pays 5% interest annually, what amount you must deposit each year?



Jun 07, 2022
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