How large will the last depost be

Reference no: EM133537997

Question: You need to accumulate #10.030. To do so. you plan to make deppelts of :1,000 per year with the first payment being made a year from today Into a bank account that pays 12% inn.a interest. Your last deposit will be less than $3,000 if less is needed to round out to $ 10,200. How many years will it take you to reach your $20,080 poal De not round intermediate calculations.

Round your answer up to the nearest whale number.
How large will the last depost be? Do not round Intermediate calculations. Found your answer to the nearest cent

Additional comments: You need to accumulate $10,000. To do so, you plan to make deposits of $1,000 per year - with the first payment being made a year from today - into a bank account that pays 13% annual interest. Your last deposit will be less than $1,000 if less is needed to round out to $10,000. How many years will it take you to reach your $10,000 goal? Do not round intermediate calculations. Round your answer up to the nearest whole number.

Reference no: EM133537997

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