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Maksim231197 [3]
3 years ago
5

How much money should timothy and tiffany deposit annually for 20 years in order to provide?

Business
1 answer:
balandron [24]3 years ago
4 0
Below is to complete the question;

<span>How much money should Timothy and Tiffany deposit annually for 20 years in order to provide an income of $30,000 per year for the next 10 years? Assume the interest rate is a constant 4%. 
</span>
 <span>Use the annual rate formula. 

You are given Future, F=$30,000 
You are given interest, i=4% or 0.04 
You are given time, n=10 years for future equation and n=20 years for annual equation. 

Plug those numbers in the formulas your teacher gave you.</span>
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