Annual annuity payments, Now assume that you will earn 10%

Annual annuity payments

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Now assume that you will earn 10% from now through the end of your retirement. You want to make 20 end-of-year deposits into your retirement account that will fund the 30-year stream of $20,000 annual annuity payments. How large do your annual deposits have to be?

Reference no: EM13300014

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