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Crank
3 years ago
15

You plan to make six equal, end-of-year deposits over the next six years into an account that will pay you 7% interest annually.

the first deposit will occur one year from today and the last will occur six years from today. if you need to have $2,000 in the account at the end of 6 years, how much do you need to deposit at the end of each year in order to have the required amount?
Business
1 answer:
irga5000 [103]3 years ago
6 0
The answer is $27.70 a year
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