to supplement your retirement, you estimate that you need to accumulate
$360,000 exactly 38...
Mathematics, 14.09.2019 08:20 user1234573
to supplement your retirement, you estimate that you need to accumulate
$360,000 exactly 38 years from today. you plan to make equal, end-of-year deposits into an account paying 11 % annual interest.
a. how large must the annual deposits be to create the
$360, 000 fund by the end of 38 years?
b. if you can afford to deposit only $590 per year into theaccount, how much will you have accumulated in 38 years?
Answers: 3
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