Determine the amount of equal-annual-end-of-year deposits

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Deposits to accumulate future sums, For the case shown in the following? table, determine the amount of the? equal, annual,? end-of-year deposits necessary to accumulate the given sum at the end of the specified? period, assuming the stated annual interest rate. ?(Click on the icon located on the? top-right corner of the data table below in order to copy its contents into a? spreadsheet.)

Sum to be Accumulated = $81,400

?Accumulation Period (Years) = 12

?Interest Rate = 7%

Reference no: EM131962289

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