(Answered) Calculating annuity valuesyou want to have 82000 in your

Finance

Calculating Annuity Values

You want to have $82,000 in your savings account 9 years from now, and you're prepared to make equal annual deposits into the account at the end of each year. If the account pays 5 per cent interest, what amount must you deposit each year?

Annual deposit: $____________.

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