You will make equal annual deposits for the next ten years (with the first deposit...
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Accounting
You will make equal annual deposits for the next ten years (with the first deposit exactly one year from today, and the final deposit 10 years from today) into an account that pays a 11.7% effective annual rate. If your goal is to have exactly $10,000 ten years from today, the annual deposit amount needed to achieve that goal is $ Margin of error for correct responses: + / - .05 Rounding and Formatting instructions: Do not enter dollar signs, percent signs, commas, X, or any words in your response. Do not round any intermediate work, but round your " final* response to 2 decimal places (example: if your answer is 12.3456,12.3456%, or $12.3456, you should enter 12.35 )
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