Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. how much alex must deposit annually if he wants to

How much Alex must deposit annually if he wants to have $800,000 in 25 years...

60.1K

Verified Solution

Question

Finance

How much Alex must deposit annually if he wants to have $800,000 in 25 years by making equal annual end-of-the-year deposits into an account paying 6% interest annually.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

show that the equation 2x+2 cos x+5=0 has exactlly one real root

Physics
1.2K views

1 Why is it cooler to wear a white shirt than a black shirt on...

Basic Math
1.2K views

Fake Twitter followers: Many celebrities and public figures have Twitter accounts with large numbers of...

Basic Math
1.2K views

Write an equation that models the linear situation:A train starts a trip of 420 miles...

Algebra
1.2K views

Use a graphing calculator to create a scatter plot and find the line of best...

Accounting
1.2K views

Some accountants are trying to harmonize international accounting standards. What does the term harmonize mean?...

Accounting
1.2K views

Refer to the financial statements of The Home Depot in Appendix A. (Note: Fiscal 2016...

Accounting
1.2K views

Saved Help Save & Required information (The following information applies to the questions displayed below.)...

Accounting
1.2K views

Tax Return Problem 9: Partnership Instructions: Please complete AAA Fast Plumbings...

Accounting
1.2K views

dollar tree grocery outlet Long-Term Solvency and Liquidity 2021 2022...

Accounting
1.2K views

AUDITING ERP DATA BASES You are an independent auditor attending an engagement interview with the...

Accounting
1.2K views

Problem 3: Pasado Iyan Company uses the gross method of accounting for cash discounts. In...