To supplement your retirement in exactly 40 years, you estimate that you nood to accumulate...
80.2K
Verified Solution
Link Copied!
Question
Finance
To supplement your retirement in exactly 40 years, you estimate that you nood to accumulate $220,000 exactly 40 years from today. You plan to make equal, end-of-year deposits into an account paying 8% annual interest. How large must the annual deposits be to create the $220,000 fund in 40 years? $723.10$458.33$692.92$849.24
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: Zin AI - Your personal assistant for all your inquiries!
