Equal annual investments, Instead of investing the entire

Equal annual investments

Reference no: EM13140427

Instead of investing the entire $1,000,000, Lee invests $300,000 today and plans to make 9 equal annual investments into the fund beginning one year from today. What amount should the payments be if Lee plans to establish the $1,898,000 foundation at the end of 9 years at 6% interest?

Reference no: EM13140427

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