You want to have 25000 in your savings account eight years


You want to have $25,000 in your savings account eight years from now, and you're prepared to make equal annual deposits into the account at the end of each year. If the account pays 4.75 percent interest, what amount must you deposit each year?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: You want to have 25000 in your savings account eight years
Reference No:- TGS0636430

Expected delivery within 24 Hours