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  3. (b) * your answer is incorrect. leon hitchcock is

(b) * Your answer is incorrect. Leon Hitchcock is 43 years old today and he...

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(b) * Your answer is incorrect. Leon Hitchcock is 43 years old today and he wishes to accumulate $469,000 by his 67th birthday so he can retire to his summer place on Lake Hopatcong. He wishes to accumulate this amount by making equal deposits on his 43 th through his 66 th birthdays. What annual deposit must Leon make if the fund will earn 10% interest compounded annually? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to decimal places, eg. 458,581.) $ 3544 Annual deposit Attempts: 2 of 2 used

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