Nancy would like to accumulate 5850 by the end of 15 years from now to buy a sports car from her friend, Jim. She has 25000 now and would like to save equal annual end of year deposits to pay for the car. How much should she deposit at the end of each year account paying 8 percent interest to buy the car?

Answer rating: 100% (QA)

het Principal x 2 Amount 5850 2 Rate 8 ... View the full answer