You want to have 78000 in your savings account 12 years


You want to have $78,000 in your savings account 12 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 6.80 percent interest, what amount must you deposit each year?

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Finance Basics: You want to have 78000 in your savings account 12 years
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