Mathematics, 27.09.2019 02:30 andrewmena05
Six years from today you need $10,000. you plan to deposit $1,500 annually, with the first payment to be made a year from today, in an account that pays an 8% effective annual rate. your last deposit, which will occur at the end of year 6, will be for less than $1,500 if less is needed to reach $10,000. how large will your last payment be?
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Six years from today you need $10,000. you plan to deposit $1,500 annually, with the first payment t...
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