Problemyou want to have 70000 in your savings account 12, Ask an Expert

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Problem:

You want to have $70,000 in your savings account 12 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 6.80 percent interest,

Required:

Question 1: What amount must you deposit each year?

Note: Explain all steps comprehensively.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91149313

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