Linda is 40 years old today and she wishes to accumulate $1,680,000 by her sixty...
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Accounting
Linda is 40 years old today and she wishes to accumulate $1,680,000 by her sixty fifth birthday so she can retire to a beach in Florida. She wishes to accumulate this amount by making equal deposits on her fortieth through her sixty fourth birthdays. Click here to view factor tables Compute the annual deposit Linda must make if the fund will earn 8% interest compounded annually. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Annual deposit $
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